Difference between sunk costs and fixed costs?

I. Differences in content

Sunk costs: costs incurred in the past, but not related to current decisions.

Fixed Costs: Costs that remain constant over a certain period of time and within a certain volume of business and are not affected by changes in the volume of business.

Two, different areas of application

Sunken costs: sunk costs of the field of application include financial, economic and commercial.

Fixed costs: the field of application of fixed costs includes construction and road and bridge projects.

Third, the application of different disciplines

Sunken costs: sunk costs of the application of disciplines are accounting, finance.

Fixed costs: fixed costs of the applied disciplines are economics, engineering economics.

Four, the scope of change is different

Sunken costs: sunk costs can not be changed.

Fixed costs: If the volume of business changes beyond a certain range, fixed costs will change.

Baidu Encyclopedia-Sunken Costs

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