Business terms and jargon explained. Your business dictionary

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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Faciendum	Change Control	Internet Protocol Security - IPsec	Free Circulation
Life Interest	Ratification	HR	Age admitted
European Patent Office	Executor	A.K.A	Working Population
KITING	Public company or public limited company	Zillionaire	Shareholder agreement
Guardianship order	Next of kin	Debt collection letters	Administrative Court
Customs Duty	QC	Marketing Plan	Homogeneity
Employment rules and regulations	Gold fix	Actuary	Admission of evidence
Loan	Warrant of distress	Authentication	Liability
Back Office	Pro tempore	Gross National Product	RAR
Barrier Warrant	Zero Growth	Buy To Let	Open End Credit

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

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