Examlex
Which of the following is widely used for large/complex projects with far-flung participants?
Opportunity Cost
Opportunity cost represents the value of the best alternative that must be forgone as a result of choosing a particular action or decision over others.
Labor-saving Devices
Tools, machines, or systems that reduce the amount of labor needed to perform a task or produce a good.
Proprietor's Income
The income earned by the owners of unincorporated businesses for their labor and capital investment.
Salary
A fixed regular payment, usually expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
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