Examlex
Incentive approaches to motivation are:
Contribution Approach
A cost accounting approach that separates fixed and variable costs to determine the contribution margin per unit and understand the impact on net income.
Financial Statements
Documents that provide an overview of a company’s financial condition, including balance sheet, income statement, and cash flow statement.
Sunk Cost
A cost that has already been incurred and that cannot be changed by any decision made now or in the future.
Potential Benefit
The expected advantages or positive outcomes that may result from a specific action, investment, or decision.
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