Cost is the cash outflow of some activity to achieve higher cash inflow from some activity. Cash outflow is called the cost while cash inflow is called the benefit from specific activity. If cash inflow is morethan cash outflow then it is said that activity has more benefit then it's cost.
Cost is a cash outflow by company to get or earn something, while benefit is that cash inflow which company receives from any activity.
im guessing but they are alike because both take and do not take actions. They are different because a cost is negative and a benefit is positive
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
marginal cost
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
expired cost - benefit has been received unexpired cost- benefit may or may not be received
the balance between benefit and cost with the largest difference.
difference between cost and costing
a risk is taking a chance and a benefit is benfiting from it
expired cost - benefit has been received unexpired cost- benefit may or may not be received
One has to see benefit and cost as opposing terms. For example, a benefit can be any advantage, gain, or profit whereas a cost is the opposite; it can be a disadvantage, a loss, or an expense. Basically, they refer to what the project can get or what it can lose. Hope this helps! :)
whats the difference between cost and list?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
There is no difference
what is the difference?
the difference is is that symbiosis could either be 1 or both organisms benefit but both organisms must benefit for it to be a mutualism.
lina