Examlex
Northern States Electric is in the process of trying to achieve ISO 14000 certification. Although the criteria for certification involve several milestones, we can be assured they will be evaluated on the regularity and thoroughness of their environmental audits, and how well top management reviews the firm's adherence to policies that are environmentally friendly.
Opportunity Cost
The cost of the next best alternative forgone as a result of making a particular choice.
Oil Change
An oil change is the process of draining old motor oil from a vehicle's engine and replacing it with new, clean oil to maintain engine performance.
Writing a Poem
The artistic process of expressing emotions, thoughts, or experiences through the structured use of language, rhythm, and imagery to create a literary work.
Opportunity Cost
The expense associated with not choosing the second-best option during the decision-making process.
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