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anhtuan anhtuan
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A month ago
A Canadian oil company is considering whether or not to develop a site it has been exploring for the past six months. One of the arguments for developing the site is that considerable time and money have already been expended. This cost should not be included in the capital budgeting decision because it is

▸ an operating cost

▸ a financing cost

▸ a sunk cost.

▸ an opportunity cost.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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itashiaitashia
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A month ago
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anhtuan Author
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A month ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kevin12323h
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Yesterday
Thank you, thank you, thank you!
lolaww
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2 hours ago
Thanks for your help!!
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