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What Is a Sunk Cost and the Sunk Cost Fallacy?

Changing strategies is viewed, perhaps only subconsciously, as admitting failure. As a result, many investors tend to remain committed or even invest additional capital into a bad investment to make their initial decision seem worthwhile. No, sunk costs should not be considered when making business decisions because they are irrelevant to future costs and revenues. This

Expense Report: What It Is and Why It Is Important?

Employees are conscious of whether costs are eligible or non-eligible for reimbursement as expenditure report has become a standardized practice of managing expense. However, the expense report facilitates the timely submission of expenditure reports with accuracy in reimbursement. You’ll need to track how much you’re spending via an expense report form. Expense reports are also