Examlex
The actor-observer bias is a main reason why supervisors and subordinates do not always
agree when it comes to performance appraisals.
Marginal Costs
The additional cost incurred in producing one more unit of a product or service.
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.
Shut Down
The process of ceasing operations or activity, either temporarily or permanently.
Average Variable Costs
The per unit cost of production that varies with the level of output, including elements like labor and raw materials.
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