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sunk cost (SC)
A sunk cost is money that has already been spent and cannot be recovered. Logic dictates that because sunk costs will not change -- no matter what actions are taken -- they should not play a role in decision-making. Emotionally, however, the more som... Definition
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IT strategy (information technology strategy)
IT strategy is a comprehensive plan that information technology management professionals use to guide their organizations. Definition
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great recession (Great Recession)
Great recession is a label used by journalists and economists to describe a severe, prolonged economic downturn. Definition
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EBITDA ( earnings before interest, taxes, depreciation, and amortization)
EBITDA stands for 'earnings before interest, taxes, depreciation, and amortization.' Definition