Examlex
According to the indirect effect hypothesis:
Avoidable Costs
Expenses that can be eliminated if a particular decision is made or if an activity is ceased.
Sunk Costs
Costs that have already been incurred and cannot be recovered, and should not affect future business decisions.
Irrelevant Costs
Costs that will not be affected by a decision and should not be considered when making that decision.
Periodic Basis
A method of accounting where financial and inventory records are updated at regular, fixed intervals.
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