Examlex
Military experience can help you develop many skills that are valuable in business, so include standard military terminology to build credibility in your résumé.
Opportunity Cost
Giving up possible gains from several options by choosing a particular one.
Bowed Outward
A description of the shape of a curve on a graph, such as the production possibilities frontier, indicating increasing opportunity costs.
Opportunity Cost
The penalty of dismissing the closest superior alternative when engaging in the process of decision-making.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology).
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