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HISTORICAL COST: An accounting principle stating that expenses are recorded in terms of original or acquisition cost. Such a practice does not necessarily indicate the opportunity cost or current market value.

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AXIOM

A basic precondition or assumption underlying a theory. Axioms are basic, unverifiable world view assumptions--including personal beliefs, political views, and cultural values--that form the foundation of a theory.

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Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club looking to buy either a New York Yankees baseball cap or a solid oak entertainment center. Be on the lookout for deranged pelicans.
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The average length of a "business lunch" is about 36 minutes.
"Nothing is a waste of time if you use the experience wisely. "

-- Auguste Rodin, Sculptor

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