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What is Sunk Costs

Encyclopedia of Distance Learning, Second Edition
The initial investment in a project or program that will not be recouped. They can include office space, supplies, hardware, software and training.
Published in Chapter:
Virtual School Administration
Gaye Lang (U.S. Department of Education, USA)
Copyright: © 2009 |Pages: 6
DOI: 10.4018/978-1-60566-198-8.ch337
The Houston Independent School District (HISD) is the largest district in Texas and has often served as a model in the implementation of new methods, materials, and strategies to enhance learning. The district has often utilized input from a number of higher educational institutions in the city to assist not only in the training of employees, but in the research to implement and measure the effectiveness of teachers and programs on various levels. Therefore, a number of professionals from colleges and universities—not only from the Houston area, but also in various parts of the country— provided consultation during the planning process for the HISD Virtual School.
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Costs associated with entering foreign markets, related to transport and delivery, product adaptation, creating a network of customers and other aspects of marketing.
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Influence of Mental Accounting on the Financial Well-Being of Young Adults
Sunk costs are the costs that are incurred already and cannot be recovered anymore.
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