does sunk cost impact the decision to cancel a prgram
sunk costs: These are costs that were incurred in the past. Sunk costs are irrelevant for decisions, because they cannot be changed. Opportunity cost: The profit foregone by â¦ selecting one alternative over another. It is the net return that could be realized if a resource were put to its next best use.n economics and business decision-making, sunk costs are costs that cannot be recovered once they have been incurred.