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Which of the following can contribute positively to a person's quality of life?
Opportunity Costs
The expense incurred by not choosing the second-best option available during decision-making.
Initial Cash Flow
The first influx or outflow of cash associated with an investment or project, marking the beginning of its cash flow timeline.
Sunk Costs
Expenses that have already been incurred and cannot be recovered, which should not influence future business decisions.
Replacement Projects
Investments made to replace worn-out or obsolete assets with new assets.
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