What are sunk costs? Provide at least two real-life examples of sunk costs for a project. Should sunk costs be included as incremental cash flows? Why or why not? Explain your rationale.
Answer to relevant QuestionsWhat is the difference between systematic and unsystematic risk? Provide one example of each. Can both systematic and unsystematic risks be diversified? Why or why not?Discuss the following techniques that help resolve conflicts among people or teams: vision, bargaining/negotiation, mediation, and facilitating communication.Differentiate among the terms strategic management, strategic thinking, strategic planning, and managing strategic momentum.This essay must include in-text citations of any references used which must come from reliable sources. A reference list with the author, title of the article and the web-site must be given at the end of the essay. The essay ...Why must business managers understand the importance of business research and how it is used in their organizations?
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