Examlex
According to the text, what are the key conditions for using output-related pay?
Opportunity Cost
The benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.
Proposed Use
An intended or suggested way of utilizing something, often laid out in plans or discussions before implementation.
Cash
Physical money, such as coins and bills, or balances in checking or savings accounts, available for use immediately.
Differential Analysis
A decision-making process that focuses on the costs and benefits that change between decision alternatives.
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