Examlex
Warren suffers from damage to Wernicke's area.Which impairment should he experience in thought or behavior?
Initial Outlay
The initial investment amount or the upfront cost required to start a project or investment.
Sunk Cost
A cost associated with a project expended prior to making the decision to undertake that project (for example, the cost of research into the idea). Since sunk funds are already gone, they cannot alter future costs or benefits, and should not be included in the analysis leading to a decision.
Opportunity Cost
The benefit foregone by using an asset in a particular way. Usually the income or benefit it would produce in its next best use.
Cash Outflow
Money going out of a business or individual's account, typically to pay for expenses, investments, or acquisitions.
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