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In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. [ 1 ] [ 2 ] Sunk costs are contrasted with prospective costs , which are future costs that may be avoided if action is taken. [ 3 ]
South Vietnam United States North Vietnam: Commanders and leaders; William H. Stewart: Unknown: Strength; Sea: 1 minesweeper 4 cutters 7 swift boats 2 junks 1 patrol boat Air: 3 aircraft: 4 naval trawlers: Casualties and losses; None 4 cutters damaged ~14 killed 2 naval trawlers sunk 1 naval trawler scuttled
Of these, sunk costs, time investment, decision maker experience and expertise, self-efficacy and confidence, personal responsibility for the initial decision, ego threat, and proximity to project completion have been found to have positive relationships with escalation of commitment, while anticipated regret and positive information framing ...
Sunk cost From a page move : This is a redirect from a page that has been moved (renamed). This page was kept as a redirect to avoid breaking links, both internal and external, that may have been made to the old page name.
The sunk cost dilemma with its sequence of good decisions should not be confused with the sunk cost fallacy, where a misconception of sunk costs can lead to bad decisions. [1] Sunk-cost fallacy occurs when people make decisions about a current situation based on what they have previously invested in the situation.
After Card was sunk, North Vietnam made use of the incident for propaganda purposes. On 20 October 1964, the North Vietnamese government issued a postage stamp which proclaimed an "Aircraft Carrier of America sunk in the Harbor of Saigon", to praise the Viet Cong commandos who carried out the attack. [ 11 ]
The situation in South Vietnam continued to deteriorate with corruption rife throughout the Diem government and the ARVN unable to effectively combat the Viet Cong. In 1961, the newly elected Kennedy Administration promised more aid and additional money, weapons, and supplies were sent with little effect.
The Vietnam Coast Guard (which was still known as the Vietnam Marine Police) became independent from the Vietnam People's Navy on 1 March 2008. It has in-scope intelligence based on international exchange and co-operation with its ASEAN counterparts in smuggling and on-sea drug interdiction operations. As an organization established to fight ...