Examlex
A(n) ____________________ is an object that waits for an event to occur and responds in some way when it does.
Costing System
A method for assigning costs to products or services, which can be based on activities, processes, or direct allocation.
Encourage Efficiency
Motivate actions or processes to achieve maximum productivity with minimum wasted effort or expense.
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not influence future business decisions.
Opportunity Costs
Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
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