Sunk Cost

Sunk Cost

Assessment

Flashcard

Life Skills

7th Grade

Hard

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6 questions

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1.

FLASHCARD QUESTION

Front

Sunk Cost is always about money

Back

False

2.

FLASHCARD QUESTION

Front

You can't reclaim a sunk cost.

Back

True

3.

FLASHCARD QUESTION

Front

Once you've spent your time, energy, or _____, there's no getting it back.

Back

Money

4.

FLASHCARD QUESTION

Front

If you're not sure if you're being affected by the sunk cost fallacy, what should you do? Options: search on Google and let AI tell you whether you are or not, keep doing what you're doing and see if things will work out, try to forget about the past while asking yourself if you'd invest starting right now, seek counsel from those you trust and respect, Both C and D.

Back

Both C and D

5.

FLASHCARD QUESTION

Front

If a scalper offers you $500 for a concert ticket you paid $100 for, and you DON'T accept his offer, then

Back

that $100 ticket is now worth $500.

6.

FLASHCARD QUESTION

Front

When you are eating at a restaurant, and you are full, and can't take the food home, you should

Back

stop eating