Examlex
From the beginning, Christian leaders sought to maintain a strict separation of Church and state.
Sunk Costs
Costs that have already been incurred and cannot be recovered or altered by future actions or decisions.
Opportunity Cost
Opportunity cost represents the benefit that is missed or given up when choosing one option over another, an important concept in decision-making.
Tactical Decision
Short-term choices made by an organization, often in response to immediate challenges, that are aimed at implementing strategies effectively.
Qualitative Factors
Non-numerical elements that influence business decisions, like brand reputation or customer satisfaction.
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