Examlex
Individuals are allowed to deduct the greater of the standard deduction or itemized deductions.
Sales Consulting
Professional services aimed at improving a company's sales processes, strategies, and performance.
Opportunity Cost
The missed opportunity for profit from other options when one option is selected.
Fully Depreciated
The state of an asset after its cost has been completely expensed or written off through depreciation, implying it has no book value.
Average Cost Curve
A graphical representation showing how the average cost per unit of output varies with the level of output.
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