INCREMENTAL COST Definition

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INCREMENTAL COST is the increase or decrease in costs as a result of one more or one less unit of output.

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SPIN-OFF is a type of corporate reorganization in which the original corporation transfers some of its assets to a newly formed corporation. In exchange for the spun off assets, the original corporation receives all of the new corporations capital stock, which it then distributes to its shareholders as a property dividend.

VET, VETTED, VETTING is to make a careful and critical examination of someone or something, e.g. a person prior to employment.

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