Examlex
Almost 40 percent of new managers fail within the first 18 months on the job because of:
Operating Costs
Refers to the expenses associated with the day-to-day functioning of a business, including costs of goods sold, administrative expenses, and other operational expenses.
Equivalent Annual Cost
A financial assessment tool used to compare the cost effectiveness of two or more projects with different lifespans by normalizing their costs into annual equivalents.
Sunk Costs
Expenditures that have already been incurred and cannot be recovered.
Incremental Costs
Expenses that will be incurred only as a result of undertaking a specific action.
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