Examlex
What was the first ever Excel-like computer application called?
Depreciation
The allocation of the cost of an asset over its useful life, reflecting the reduction in value owing to wear and tear, age, or obsolescence.
Sensitivity Analysis
The study of how the variation in the output of a model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.
Fixed Costs
Expenses that do not change with the level of production or output over the short term, such as rent or salaries.
Variable Cost
Expenses that change in proportion to the amount of production or output levels.
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