Examlex
Each half of a split bearing is made so that it is slightly greater than an exact half. What is this extension called?
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not affect future investment or business decisions.
Variable Costs
Expenses that directly fluctuate in relation to the amount of goods produced or the volume of sales.
Total Fixed Cost
The sum of all costs that do not change with the level of output or sales in the short term, such as rent and salaries.
Activity Bases
Metrics used to allocate costs based on various activities or drivers that cause costs to be incurred.
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