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A sunken cost is a cost that has already been incurred and cannot be recovered. In other words a firm has to pay the cost regardless of the situation. Because of this the Sunk costs are excluded from future business decisions, because the cost is irrelevant to the future decision. There are several costs that can be considered sunk costs, some of which include product research such as focus groups or specialty equipment that the company uses for their exclusive product.
Another type of cost is the opportunity costs, what is the definition and example of these types of cost.
Need to choose a business sector to focus on, and address how business thics is managed within that sector (e.g. Financial; Mining; Agriculture; Retail; Service; Education; Tourism etc.). The list of sections below provides the issues that you need t..
The difference between the short-run and long-run explains why many Canadian oil companies have continued to produce output even though the low price of oil means that they are earning negative economic profits. [Hint: Assume that Canadian oil com..
Explain One of the responsibilities of an operations manager is to improve processes used to produce products.
According to Paul Greenberg, Amazon.com is the master of the 2-minute relationship, and Boeing is the master of the 10-year relationship. Visit www.boeing.comand www.amazon.com. From Greenberg's statement and from the appearance of these Web sites, i..
If so, how would you revise the compensation so that it was just? On what basis would you change it? Does the government have a role to play?
Explain Reports are an essential part of communication and as we have discussed, communication is best when it is targeted for its audience.
Identify and summarize five models used to organize training departments. If you were the Vice President of Human Resource Training, which model would you choose to organize your department? Explain why you would choose this model. One page /275 w..
What effect can good service management practices have on mitigating bad ethical behavior?
Describe the history and core business of each company. Compare and contrast the approach to management that each company has pursued in order to embrace innovation
After that time the dividend will likely decline to 5 percent per year, forever. With required rates of return at 14 percent, what should investors.
Why is it sometimes a good idea to organise data in chart form? (1 sentence)
The physician you work for has trained you on a skill and is now asking you to perform the skill independently within the office, yet you know that this particular skill is outside of the scope of practice for an MA in your state.
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