Examlex
Which term is not spelled correctly?
Capacity
The maximum level of output that a company can sustain to produce in a given period under normal circumstances.
Sunk Costs
Sunk costs are past expenses that have already been incurred and cannot be recovered, and thus should not affect future business decisions.
Opportunity Costs
The loss of potential gain from other alternatives when one alternative is chosen.
Cost Accounting System
A framework used to record, analyze, and allocate costs associated with a company's operations and production processes.
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