Examlex
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Opportunity Cost
The cost of choosing one option over another, representing the value of the foregone alternative.
Five-Day Workweek
The standard work schedule that involves working five days per week, typically Monday through Friday, with two days off.
Variable Manufacturing Costs
Variable manufacturing costs are expenses that change in proportion with the level of production output, such as raw materials and labor.
Differential Effect
It is the financial impact of a business decision that differentiates between alternative choices, highlighting the relative costs or benefits.
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