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Key Terms Instructions: Please Define the Following Key Terms

question 51

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Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
George Orwell


Definitions:

Future Event

An occurrence or situation that is expected to happen at a future date, often considered in planning and forecasting.

Past Event

A situation or occurrence that has already taken place.

Relevant

Pertaining to decision-making, it refers to information or costs that will change as a result of a decision, thereby affecting the outcome.

Total Cost

The sum of all expenses associated with the production or provision of goods and services, including fixed and variable costs.

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