Examlex
Output:
Accounting Costs
The recorded expenses in the financial statements of a company, including both fixed and variable costs incurred during business operations.
Sunk Costs
Costs that have already been incurred and cannot be recovered.
Foregone Opportunities
Benefits or earnings that are missed out on when choosing one alternative over another.
Accounting Costs
The actual expenses and cash outlays that a business incurs, which are recorded in its financial statements.
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