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.
Full Text. Definition. Sunk costs are retrospective costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs, which are future costs that may be incurred or changed if an action is taken . Sunk costs are irrecoverable.