Examlex
Why is the use of angiography limited?
Direct Manufacturing Cost
These are costs that can be directly traced to the production of specific goods or services, such as raw materials and direct labor.
Differential Costs
The difference in total cost that will result from selecting one choice over another.
Sunk Costs
Sunk costs refer to money already spent and permanently lost, which cannot be recovered and should not influence future financial decisions.
Opportunity Costs
A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.
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