Lesson 5: Non-Routine Business Decisions
Glossary - Know Your Words
Accounting is the language of business. To become proficient in accounting, it's essential to understand the terminology associated with each concept. Every lesson introduces specific terms, and we encourage you to take the necessary time to study each one carefully. Our glossary allows you to learn definitions in the context of related terms. It's a simple yet powerful tool that our university students have trusted for years to master accounting.
Differential Revenues and Costs
Direct Revenues or Costs of a Decision Option
Non-Routine Business Decisions
Opportunity Costs
Relevant Revenues and Costs
Sunk Cost