User:Jukeboksi/BBA studies/Accounting: Difference between revisions
+ definition of w:sunk cost
(tweaking) |
(+ definition of w:sunk cost) |
||
| Line 271: | Line 271: | ||
:::*'''''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 ) | |||
---- | ---- | ||