cost
Definition
Valuation in terms of money of (1) effort, (2) material, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service. All expenses are costs, but not all costs (such as those incurred in acquisition of an income-generating asset) are expenses. See also costs.
cost is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
cost appears in the definitions of the following terms:
empirical cost estimating,
weighted average cost of capital,
variable production overhead total variance,
differential cost,
scalable,
capitalization (cap),
recovery,
maximization,
imperfect competition,
inventory cost
and
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