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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 ]
Water supply and sanitation in Vietnam; Data; Access to an improved water source: 98% (2015) [1] Continuity of supply: 21.6 hours per day on average in 68 cities (2009), often at low pressure: Average urban water use (L/person/day) 50 (2004 in small towns), [2] 80−130 (2009 in towns and cities) [3] Average urban water and sanitation tariff ...
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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.
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The Vietnam People's Navy (VPN; Vietnamese: Hải quân nhân dân Việt Nam), internally the Naval Service (Vietnamese: Quân chủng Hải quân (QCHQ)), also known as the Vietnamese People's Navy or simply Vietnam/Vietnamese Navy (Vietnamese: Hải quân Việt Nam), is the naval branch of the Vietnam People's Army and is responsible for the protection of the country's national waters ...
[2] [3] [4] Eventually, North Vietnam and the United States negotiated an end to the war and signed the Paris Peace Accords on 27 January 1973. A protocol to the agreement called for the United States to neutralize American mines in North Vietnam ' s coastal and inland waterways. [3] [4] [5]
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 ]