Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of a firm's existing cash flow. b. Expenses that have already been incurred and cannot be recovered. c. The alternative that is forfeited when a fixed asset is utilized by a project. d. The differences in a firm's cash flows with and without a particular project. e. Change in net working capital related to implementing a new project.
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Home » Business » Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of a firm's existing cash flow. b. Expenses that have already been incurred and cannot be recovered. c.