Examlex
Write the word or phrase that best completes each statement or answers the question.
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Manufacturing Overhead
Indirect factory-related costs that cannot be directly traced to a specific product, including salaries of supervisors, rent, and utilities of the factory.
Opportunity Cost
Opportunity cost represents the value of the best alternative that is foregone when a particular decision is made, indicating the cost of missed opportunities.
Alternatives
Different choices or options available to a decision-maker in a decision-making process.
Potential Benefit
The anticipated advantage or value that might be gained from a particular action or investment, not assured but possible.
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