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User:Jukeboksi/BBA studies/Accounting: Difference between revisions

+ definition of w:sunk cost
(tweaking)
(+ definition of w:sunk cost)
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:::*'''''short-term''''' usually under 1 year. ( Wikipedia on [[w:Term (time)|Term]] )
:::*'''''short-term''''' usually under 1 year. ( Wikipedia on [[w:Term (time)|Term]] )


 
Key terminology for short-term business decisions:
* In [[w:economics|economics]] and business decision-making, a '''[[w:sunk cost|sunk cost]]''' is a [[w:retrospective|retrospective]] (past) [[w:cost|cost]] that has already been incurred and cannot be recovered. ( Wikipedia )
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