Sunk costs — In economics and business decision making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs, which are future costs that may be incurred… … Wikipedia
costs — Ⅰ. costs [plural] (also legal costs) ► LAW the money that helps pay for the lawyers and the court in a legal case, usually paid by the person or organization that has lost the case: »They were fined $50,000 and ordered to pay $10,000 in costs. →… … Financial and business terms
Irrelevant costs — The costs incurred last year (material, labour, and overheads) are not relevant to the decision. They are examples of past (sunk) costs. The original costs are not avoidable and are common to all alternatives … Accounting dictionary
The Nature of Rationality — is an exploration of practical rationality written by Robert Nozick and published in 1993. It views human rationality as an evolutionary adaptation. Its delimited purpose and function may be responsible for biases and blind spots, possibly… … Wikipedia
Conditional budgeting — is a budgeting approach designed for companies with fluctuating income, high fixed costs, or income depending on sunk costs, as well as NPOs and NGOs. The approach builds on the strengths of proven budgeting approaches, leverages the respective… … Wikipedia
Uranium mining — The Ranger Uranium Mine in Australia … Wikipedia
Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or … Wikipedia
Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics … Wikipedia
Car sharing — This article deals with the short term rental of cars. For the shared use of cars by persons with similar travel needs see Carpool. Flexcar (now Zipcar) carsharing vehicles in their reserved spots, Atlanta, Georgia. Car sharing or Carsharing (in… … Wikipedia
Economics of global warming — This article describes the economics of global warming and climate change. Contents 1 Definitions 2 Climate change science 3 Scenarios 4 Trends and projections … Wikipedia
Economics of new nuclear power plants — The economics of new nuclear power plants is a controversial subject, since there are diverging views on this topic, and multi billion dollar investments ride on the choice of an energy source. Nuclear power plants typically have high capital… … Wikipedia