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The selection process helps candidates learn about the organization,and if they perceive an incompatibility between their values and those of the organization,they can
Opportunity Cost
The value of the best alternative that is foregone by choosing a particular action or decision, important in evaluating the cost of choices.
Alternative
An option among a set of choices in decision-making scenarios.
Total Costs
The sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.
Prime Cost
Direct materials cost plus direct labor cost.
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