retrospective

Examples of retrospective in the following topics:

• Sunk Costs

  • Sunk costs are retrospective costs that cannot be recovered, and are therefore irrelevant to future investment decisions in the project which incurs them.
  • Sunk costs are retrospective costs that have already been incurred and cannot be recovered.
  • For example the research and development of a pharmaceutical are retrospective once it is time to market the product.
  • Therefore, the costs of R&D are considered sunk once they are retrospective and irrecoverable.