Examlex
In the past, gatekeeping allowed media professionals to determine what people would and would not see.
Avoidable Cost
Costs that can be eliminated if a particular decision is made, such as discontinuing a product or service.
Sunk Cost
A cost that has already been incurred and that cannot be changed by any decision made now or in the future.
Consistency
Refers to the accounting principle that mandates the same accounting methods and procedures to be followed from one financial period to another to ensure comparability of financial statements over time.
Relevant
Pertaining to something that is closely connected or appropriate to the matter at hand, often used in decision-making to determine if information should be considered.
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