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Cost Accounting , A cost is generally understood to be that sacrifice incurred in an economic activity to achieve a specific objective, such as to consume, exchange, o… Cost , Cost
In economics, the cost of an event is the highest-valued opportunity necessarily forsaken. The usefulness of the concept of cost is a logical im… Grants-in-aid , During the later half of the twentieth century, the federal government of the United States invested heavily in research. Unlike other countries, suc… depth charge , depth charge • n. an explosive charge designed to be dropped from a ship or aircraft and to explode under water at a preset depth, used for attacking… SURCHARGE , sur·charge / ˈsərˌchärj/ • n. 1. an additional charge or payment: we guarantee that no surcharges will be added to the cost of your trip. ∎ a charge… Opportunity Cost , Simply stated, an opportunity cost is the cost of a missed opportunity. It is the opposite of the benefit that would have been gained had an action,…
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