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The concept of _____ requires an employer not only to produce persuasive evidence of an employee's liability or negligence,but also to provide the employee a fair hearing and to impose a penalty appropriate to the proven offense.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
Total Expected Cost
A projection of the total costs associated with a project or business activity, including both fixed and variable costs.
Variable Costs
Costs that vary depending on the amount of production or business operations.
Lease Cost
The expense incurred from leasing equipment or property, typically categorized as an operating expense in financial statements.
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