Examlex
Which of the following is NOT considered saving?
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not influence future business decisions.
Opportunity Costs
Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Accounting System
A systematic process of recording, summarizing, and analyzing financial transactions of a business to provide accurate financial information.
Tactical Decisions
Short-term decisions made within the framework of a company's strategic plans, often involving the allocation of resources or adjustment of operations.
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