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A good technique at circle time is to first
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision.
Sunk Costs
Costs that have already been incurred and cannot be recovered or altered, and thus should not affect future business decisions.
Side-Effect Costs
Unintended expenses or losses that occur as a result of business decisions, not directly related to the project in question.
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