单词 | irrelevant cost |
释义 | irrelevant costDefinition A cost incurred by a company which is unaffected by management's decisions. Such costs can be either positive or negative and may even turn out to be a relevant cost in certain situations. For example, if a company bought an off-the-shelf software program but it did not work as intended and cannot be returned, the cost incurred (sunk cost) becomes irrelevant regardless of management's decision. |
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