Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Tag: Past

Future

1. Time to come. 2. Something that will exist or happen in the time to come. 3. Perception of the future is postulated as a possibility. 4. A condition, especially of success or failure, in the time to come. 5. Some scientists propose that time is not linear and that the past, present, and future all coexist simultaneously and are ever present. For example, if you looked down on the universe, we would see time and events spread out in all directions.

Sunk Cost

1. A past outlay or loss that cannot be altered by current or future actions. 2. A cost that has already been incurred and cannot be recovered. Differs from future costs, such as decisions about inventory purchase costs or product pricing. they are excluded from future decisions because the cost will be the same regardless of the outcome of a decision.

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