Although catalytic converters are most commonly applied to exhaust systems in automobiles, they are also used on electrical generators, forklifts, mining equipment, trucks, buses, locomotives and motorcycles. They are also used on some wood stoves to control emissions.n vehicles with OBD II, a second oxygen sensor is fitted after the catalytic converter to monitor the O 2 levels. The O 2 levels are monitored to see the efficiency of the burn process. The on-board computer makes comparisons between the readings of the two sensors.
Prospective cost is a future expenditure or past cost that can be recovered. In other words, it is any cost that can be altered by your current or future decisions and strategies. Prospective costs are often contrasted with sunk costs, a past cost that can't be recovered. Business Cost Guide.
Sunk costs are sometimes contrasted with variable costs, which are the costs that will change due to the proposed course of action, and prospective costs which are costs that will be incurred if an action is taken. In microeconomic theory, only variable costs are relevant to a decision.n economics and business decision-making, sunk costs are costs that cannot be recovered once they have been incurred.