Examlex
Pick two areas of human resources and explain how that area is impacted by the existence of a union.
Operating Capacity
The maximum output that a company can produce under normal circumstances over a specific period.
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Incremental Revenues
Additional revenue generated from a specific action or decision, comparing the difference in total revenue with and without the action.
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