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Relevant costs should be reflected in the objective function,but sunk costs should not.
Financial
Financial pertains to matters related to money, finance, or the economic resources of management, investment, and expenditure.
Statutory Laws
Laws enacted by a legislative body, such as Congress or parliament, that must be followed by citizens in the jurisdictions where they apply.
Legislative Bodies
Institutions responsible for making laws in a country or community, such as parliaments or congresses.
Provincial Governments
The administrative bodies governing the provinces of a country, responsible for local regulations and policies.
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