Examlex
When terms have different meanings in different disciplines or are used in very specific ways for particular documents or situations you should use a(n) ________.
Sunk Cost
Expenses that have already been incurred and cannot be recovered, which should not influence future business decisions.
Scrap Value
The estimated resale value of an asset after its useful life is over and it is deemed to no longer be usable for its intended purpose.
Contribution Margin
The difference between sales revenue and variable costs of a product, indicating how much contributes towards covering fixed costs and earning profit.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.
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