Examlex
The ability to think in more than one direction, or from more than one point of view is referred to as
Sunk Costs
Expenses that have already been incurred and cannot be recovered.
Alternatives
Different options or choices available in a decision-making scenario.
Relevant Cost
A cost that differs between alternatives in a decision. This term is synonymous with avoidable cost and differential cost.
Direct Materials
The raw materials that are directly traceable to the manufacturing of a product.
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