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
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Employment rules and regulations Gold fix Actuary Admission of evidence
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Barrier Warrant Zero Growth Buy To Let Open End Credit

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

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