Examlex
Cultural diversity can affect some of the interpersonal relationships between staff.One example noted in the textbook is:
Sunk Costs
Sunk costs are past expenditures that have already been incurred and cannot be recovered, and thus should not impact future decision-making.
Past Costs
Refers to expenses that have already occurred and cannot be recovered.
Marginal Costs
The supplementary cost that comes with producing an extra unit of a good or service.
Mass Affordability
The widespread ability of the average consumer to purchase goods and services, often due to lower prices or increased income levels.
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