Business Terms and Jargon Explained

What is Opportunity Costs

Is the loss incurred by taking one course of action rather than another. E.g., you set up a business and expect to make 100K where you will give up a job that pays 50K. The 50k that you give up is a cost.(only in economics costing or management costing not in accounting).

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NPO Freedom of Information Bimonthly
Financial Auxiliaries Sui generis Trillion
Kyat Loan Freelance
APR Oxygen-move Privileged Will
Windfall Profit Annual bonus Overwrite Procedure
Negotiation Annuity Performers Rights
Enterprise De jure Co-operative
Real Wage Flexibility Audit Auction
Annual exemption Ward of Court Shekel
Bullionism Oversold Realisable property
Lobbyist Back Door Civil List
Life Interest Judgment Lien Default Judgment
MBPS Marketing Mix Gazumping

Term created / updated 2011-06-05 11:47:48

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