Ans. When given the GDP of a county without reference to a specific length of time, it is best to assume that the time period is one year.
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government. An alternative concept, gross national product, or GNP, counts all the output of the residents of a country.
To know more about GDP click on the link below
https://brainly.com/question/15682765
#SPJ4
Question 5 of 12 An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had what provision?
An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had they were in the room alone
This is further explained below.
What is an insurance policy?Both the insured person and his wife are engaged in an accident that occurs head-on. The husband passes away in an instant, and the wife follows him in passing 15 days later. The death benefit is paid out by the firm to the estate of the covered person. This suggests that the life insurance coverage would not have paid out if they were alone in the room.
In conclusion, A legal relationship exists between an insurance firm, often known as the insurer, and the person(s), business, or entity that is being covered under the terms of an insurance policy (the insured). Reading your policy gives you the ability to check that it satisfies your requirements and ensures that you comprehend both your duties and those of the insurance business in the event of a loss.
Read more about insurance policy
https://brainly.com/question/17479291
#SPJ1
A flat organization is less likely to respond quickly to customer needs.
a. true
b. false
A flat organization is less likely to respond quickly to customer needs. This statement is FALSE.
A flat organization also referred to as a horizontal organization, has little to no middle management layers between staff and executives.
The distribution of units and roles inside an organization, as well as the nature of the connections between those units and positions, are referred to as the organization's structure.
Organizations can be classified as tall or flat depending on how many levels of management are present and how much power managers have.
The flat organizational structure encourages employee participation through decentralized decision-making.
Comments and feedback are sent to all staff involved in decisions more promptly by increasing the level of responsibility of baseline employees and removing layers of middle management.
As a result of consumer feedback, a quicker response is anticipated.
Hence, the given statement is FALSE.
Learn more about organization structure:
https://brainly.com/question/1288780
#SPJ4
According to cialdini, _____ involve intricate sequences of behavior that occur in the same fashion and in the same order every time.
According to Cialdini, fixed action patterns involve intricate sequences of behavior that occur in the same fashion and in the same order every time.
Fixed action patterns are sequences of behavior which occur in humans as well as animals in the same sense of order every time. These fixed action patterns share a number of defining traits, such as their rigidity, innateness, invariability, inheritability, and complexity.
Fixed action patterns are complex, automatic and involuntary. For instance, a fixed action pattern occurs greylag geese. So, if a female greylag goose's egg rolls out of her nest, she will instinctively use her bill to push the egg back into the nest in a series of very predictable movements.
Hence, the answer is given and explained above.
To learn more about fixed action patterns here:
https://brainly.com/question/7242769
#SPJ4
Carrie billed her legal clients $6,000 for legal work completed during the month. This
transaction will
not be recorded until the cash is collected.
O cause a $6,000 increase in assets and revenues.
cause a $6,000 increase in revenues and liabilities.
cause a $6,000 increase in revenues and a decrease in liabilities.
The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.
What is the effect of service revenue?When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.
Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.
When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.
In conclusion, option B is correct.
Find out more on recording service revenue at https://brainly.com/question/15407046.
#SPJ1
The______ shows the total standard time required to produce one end product in each work center required for its manufacture:
The routing shows the total standard time required to produce one end product in each work center required for its manufacture.
Manufacturing is defined because of the creation of new products, either from raw substances or components. Examples of products include automobile businesses, bakeries, shoemakers, and tailors, as all of them create products, rather than impart services.
To make or produce via hand or equipment, specifically on a big scale. To paintings up (fabric) into form to be used: to fabricate cotton, to invent fictitiously; fabricate; concoct: to manufacture an account of the incident.
Manufacturing is the method of turning raw materials or parts into completed items via the usage of gear, human labor, equipment, and chemical processing. Manufacturing is integral to the financial system. Most products had been handmade with the use of human labor and simple equipment earlier than the economic Revolution.
Learn more about manufacturing here https://brainly.com/question/7634023
#SPJ4
The economic order quantity (qopt) occurs when the annual ordering and holding costs are:_________
The economic order quantity (Qopt) occurs when the annual ordering and holding costs are safety stock.
Annual demand, holding costs, and order costs are the main components of a formula that determines the Economic Order Quantity (EOQ). With the help of this method, you can balance the amount of merchandise you sell with the cost of maintaining your inventory.
An inventory management strategy called economic order quantity aids in the formulation of effective inventory management choices. It refers to the ideal quantity of inventory that a business should buy to meet demand while lowering holding and storage costs.
Learn more about Economic Order Quantity (EOQ) here
https://brainly.com/question/16024963
#SPJ4
Which of the following statements is true of password management software, such as 1 Password?
It requires users to manually enter personal information when filling forms.
Users need to generate strong passwords that contain only special characters.
It synchronizes encrypted data across devices.
It works on limited web browsers.
Which of the following statements is true of password management software, such as 1 Password?
C. It synchronizes encrypted data across devices.
A good password management software should be able to encrypt data and also synchronize the encrypted data across devices for easy access for the user, no matter the device he uses.
What is password management software?This refers to the application that is used in an operating system of either a phone or laptop to store passwords for the user and usually contains a master password.
Therefore, we can note that a good password management software should be able to encrypt data and also synchronize the encrypted data across devices for easy access for the user, no matter the device he uses.
With this in mind, the correct answer is option C.
Read more about password management software here:
https://brainly.com/question/17122427
#SPJ1
________ was initially intended to bring people together to raise funds for a cause.
Fundraiser was initially intended to bring people together to raise funds for a cause.
A fundraiser is an event with a goal of raising funds for an organization. A fundraiser is an event in which an organization cultivates donors as the main members who provide funding's to the particular organization. Thus, a person who raises the money from such donors is known as a fundraiser.
Fundraising provides with supplemental funds which enhances what the group does and provide new opportunities for the members. It can also benefit the community or an individual in the community that needs financial assistance.
Hence, fundraiser was initially intended to bring people together to raise funds for a cause.
To learn more about fundraising here:
https://brainly.com/question/2873616
#SPJ4
A CEO who tours company plants to meet and talk to employees at all levels in order to better understand their concerns and feelings is demonstrating which type of leader behavior
Consideration is the type of behavior shown by a CEO who tours company plants to meet and talk to employees at all levels in order to better understand their concerns and feelings.
Developing personal connections with followers, showing care and concern for others, being willing to take into account the individual preferences and working styles of subordinates, and encouraging cooperation among team members are all characteristics of considerate leadership.
Two aspects of a leader's behavior were discovered in 1945 as a consequence of the Ohio State Leadership Studies: consideration and initiating structure. The first effort at a systematic method of researching leadership was made by trait theories.
These research, however, produced unsatisfactory findings since they failed to identify any features that might be used to explain good leadership.
The level of consideration a leader shows for the group's members is referred to as concern.
To learn more about Consideration refer to:
https://brainly.com/question/13131341
#SPJ1
Social factors exert the broadest and deepest influence over a person’s consumer behavior. True or false?.
Social factors exert the broadest and deepest influence over a person’s consumer behavior false (culture)
Culture :
A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.
Learn more about Consumer behavior :
brainly.com/question/13535509
#SPJ4
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will?
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will be less than $6.50
If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48.
The marginal cost is the variation in total cost brought on by an increase in output, or the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount.
The total cost is expressed in dollars, whereas the marginal cost is expressed in dollars per unit. The marginal cost is the slope of the total cost, or the rate at which it increases with production.
Marginal cost is the distinction between average cost, which is the total cost divided by the number of units produced.
To learn more about Marginal Cost here
https://brainly.com/question/7781429
#SPJ4
_________________ refers to buildings or land intended to generate a profit, either from capital gain or rental income.
Commercial Property refers to buildings or land intended to generate a profit, either from capital gain or rental income.
This is further explained below.
What is Commercial Property?Generally, Buildings and land classified as commercial are used primarily for commercial rather than residential reasons.
Office buildings, hotels, motels, restaurants, retail establishments, and medical facilities are all examples of the many types of commercial real estate.
This is due to the fact that, in the case of residential property, the renters live in the space, which indicates that the landlord plays a bigger part in the tenants' personal life. Consequently, the landlord has more influence on the tenants. The term "commercial property" refers to any real estate that is not mainly utilized for residential purposes, including but not limited to office spaces, retail spaces, warehouses, and even hotels.
In conclusion, Buildings or land that are meant to make a profit, either via capital gain or rental revenue, are referred to as having "commercial property."
Read more about Commercial Property
https://brainly.com/question/14244978
#SPJ1
Complete Question
_____________________refers to buildings or land intended to generate a profit, either from capital gain or rental income.
A. Commercial Property
B. Improved Land
C. Primary Residence
D. Unimproved Land
The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and alternative hypotheses would be_________.
The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and alternative hypotheses would be:
H0: The mean of the carpeted rooms = the mean of the uncarpeted rooms
Ha: The mean of the carpeted rooms ≠ the mean of the uncarpeted rooms
The attention of bacteria majorly depends on the awareness of inoculum, incubating temperature, and the metabolic country of inoculated pressure used. The bacterial concentration suspended in growth media may be calculated.
In idea, you could listen to cells through filtration or centrifugation, but likely no greater than a hundredfold. for your case, you're asking to concentrate by 10,000 fold. So you sincerely might want to develop denser cultures of cells. You can centrifuge your modern broth and resuspend the pallet in a clear broth.
In microbiology, the minimal inhibitory attention (MIC) is the lowest concentration of a chemical, generally a drug, which prevents the visible boom of a bacterium or bacteria.
Learn more about bacterial here https://brainly.com/question/26130970
#SPJ4
____________ is the disclosure by an employee of confidential information that relates to some danger, fraud, or other illegal or unethical conduct connected with the workplace, be it of the employer or of fellow employees.
Whistleblowing is the disclosure by an employee of confidential information that relates to some danger, fraud, or other illegal or unethical conduct connected with the workplace, be it of the employer or of fellow employees.
An individual, frequently an employee, who divulges information about conduct inside a private or public organization that is thought to be unlawful, immoral, illegitimate, dangerous, or fraudulent is known as a whistleblower.
Whistleblowers can share information or accusations through a variety of internal or external avenues.
A whistleblower may also make allegations public by speaking with other groups like the press, the government, or law enforcement.
Both the public and private sectors are susceptible to whistleblowing.
Whistleblowers face a significant risk of retaliation since they frequently pay a high price for raising the alarm. The most typical form of revenge is the unexpected termination of a job.
Learn more about Fraud:
https://brainly.com/question/1260589
#SPJ1
Variable costs as a percentage of sales for Lemon Inc. are 79%, current sales are $517,000, and fixed costs are $190,000. How much will operating income change if sales increase by $36,800
The change in operating income is $7,728.
What is the operating income?The net operating income is total revenue less direct and indirect expenses.
The net operating income = total revenue - variable expenses - fixed costs.
Initial operating income:
Revenue = sales = 517,000Variable cost = 0.79 x 517,000 = 408,430Fixed cost = 190,000Operating income = 517,000 - 408,430 - 190,000 = -81,430
New operating income:
Revenue = sales = 517,000 + 36,800 = 553,800Variable cost = 0.79 x 553,800 = 437,502Fixed cost = 190,000Operating income = 553,800 - 437,502 - 190,000 = $-73702
Change in operating income = $-73,702 - -81,430 = $7,728
To learn more about operating income, please check: https://brainly.com/question/26848906
#SPJ1
Abc assumes all costs in a ________ can be grouped together because they all impact the activity.
Abc assumes all costs in a cost pool can be grouped together because they all impact the activity.
A cost pool is a group of accounts used to describe the cost of goods and services that can be allocated within a manufacturing or business organization.
The pool's basic idea is to link direct and indirect costs to a given cost driver in order to calculate the entire cost of expenses associated with a product's manufacturing.
The majority of businesses opt to create numerically based sequences that can subsequently be allocated to the appropriate project, however, the precise building cost pools vary.
A single cost pool will often contain up to 10 digits in the sequence, with specific sets of those numbers being utilized to refer back to the project or another object.
To learn more about the Cost pool refer to:
https://brainly.com/question/24009922
#SPJ4
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
What is marketing ?Marketing is the process of discovering, developing, and delivering value in the form of goods and services to fulfill the needs of a target market; it may also include the selection of a target audience.
Brand marketing is a method of promoting your product or service by promoting your entire brand. Essentially, it conveys the tale of your service or product by stressing your entire brand.
Distribution, finance, market research, pricing, product and service management, promotion, and selling are the seven functions of marketing in the marketing sector.
Properly studied and targeted marketing will bring in new and recurring customers.
Current and previous consumers' feedback might help identify areas for development.
To know more about marketing follow the link:
brainly.com/question/25754149
#SPJ4
Compared to a perfectly competitive market, a monopoly produces a ____ output and charges a ____ price, provided economies of scale are not significant.
Answer:
lower, higher
Explanation:
Hope you find this useful
Compared to a perfectly competitive market, a monopoly produces less output and charges a high price, providing economies of scale that are not significant.
Why do monopolies produce less output?If the monopolist's marginal revenue is less than the marginal cost, he should reduce output. Monopolies, unlike competitive industries, do not produce efficient output. Monopolies charge more and produce less than a competitive industry.
A monopoly sets the price. When a company has no viable competition and is the sole producer of an industry's product, it is said to have a monopoly.
Monopolies have the ability to limit output, allowing them to charge higher prices than would be plausible in competitive markets. A monopoly, unlike a competitive firm, can cut supply in order to charge a higher price.
Learn more about a monopoly here:
https://brainly.com/question/5992626
#SPJ2
Herbert kelman identified two forms of commitment. they are __________ and __________
Answer:
identification; internalization
Herbert Kelman identified two forms of commitment known as "compliance" and "identification". These forms of commitment are related to different motivations and levels of engagement in a particular behavior or belief.
Compliance: Compliance refers to a form of commitment that is driven primarily by external factors such as rewards, punishments, or social pressure. In this case, individuals may comply with a request or engage in a behavior because they feel obligated or fear negative consequences if they do not comply. Compliance often stems from a desire to meet external expectations or avoid conflict.
Identification: Identification, on the other hand, is a form of commitment that arises from a sense of personal connection, identification, or alignment with a particular group or belief. When individuals identify with a group or a cause, they are more likely to voluntarily adopt the behaviors and values associated with that group. Identification reflects a deeper internalization of beliefs and values and is driven by the desire for self-consistency and a sense of belonging.
To know more about Herbert Kelman
https://brainly.com/question/32836056
#SPJ2
A lower expected return means a higher risk will have to be accepted. true false
The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.
What is the expected return?Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false
In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.
Read more about the expected return
https://brainly.com/question/24173787
#SPJ1
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
What is Manufacturing?Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe the industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities.What exactly is marketing?The act of finding, creating, and providing value in the form of products and services to meet the demands of a target market is known as marketing; it may also involve choosing a target audience.Brand marketing is a strategy for advertising your entire brand in addition to your product or service. In essence, it emphasizes your entire brand while telling the story of your business or product.Learn more about manufacturing or marketing here:
https://brainly.com/question/17062919
#SPJ4
Which type of office building generally has the latest amenities, best location and commands the highest rent?
Class A type of office building generally has the latest amenities, best location and commands the highest rent.
What types of class office buildings?Office buildings in commercial real estate are normally classified as either class A, class B, or class C. Different levels of cost, quality, and facilities are indicated by each category. A, B, and C designations are arbitrary, nevertheless, due to the wide regional variations in real estate quality.
What is Class A office space?These "most notable buildings" are "competing for premier office users with rents above average for the area" because they have "clear market presence" and are "most famous buildings." Buildings in Class A are frequently rather massive. and have a prominent location with excellent accessibility.
To know more about Class of building visit:
https://brainly.com/question/14988855
#SPJ4
When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at a(n)?
When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at Discount
Discount = Contract rate is less than the market rate.
What is meaning of discount and its types?
When a reduction in the amount is allowed in order to encourage more purchase or to have an on time payment is referred to as discount. Discount are classified as: Trade discount: The discount which is allowed when purchases are made in large quantity is known as trade discount.
Contract rate:
The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond. In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.
Learn more about bond contract rate:
brainly.com/question/24233531
#SPJ4
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the _______ stage of the communication process.
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the Encoding stage of the communication process.
What is encoding?Character encoding refers to the process of giving numerical values to pictorial characters, particularly the written characters of human language, to enable their storage, transmission, and transformation using digital computers. Code points, sometimes referred to as "code spaces," "code pages," or "character maps," are the numerical values that make up a character encoding.A subset of the characters used in written languages could only be represented by the early character codes used with optical or electrical telegraphs, which were occasionally limited to upper case letters, numbers, and some punctuation. Modern computer systems can employ more complex character codes (like Unicode), which represent the majority of the characters used in many written languages, due to the low cost of digital data representation. Internationally recognized standards for character encoding enable the exchange of text in electronic form.A subset of the characters used in written languages could only be represented by the early character codes used with optical or electrical telegraphs, which were occasionally limited to upper case letters, numbers, and some punctuation.Modern computer systems can employ more complex character codes (like Unicode), which represent the majority of the characters used in many written languages, due to the low cost of digital data representation.Internationally recognized standards for character encoding enable the exchange of text in electronic form.To know more about encoding with the given link
https://brainly.com/question/13963375
#SPJ4
You are the recipient of an inheritance that will pay you and your heirs $40,000 per year forever. What is this inheritance worth today at a discount rate of 6. 75 percent?
Present Value of a Perpetuity = Annual Payment ÷ Discount Rate
=$40,000 ÷ 6.75
=$ 5925.92
Present inheritance = $5925.92
What does receiving an inheritance mean?
An inheritance is the collection of assets you might receive from a loved one when they pass away. It can include such things as: Cash. investment assets such as stocks or bonds. Real property, including land and real estate.
What is a beneficiary of an inheritance?
Beneficiary is the legal term for someone who will inherit assets from you, regardless of whether the asset has a beneficiary designation on it or not. Another commonly used term is heir, although in legal terms, this refers to the family members who inherit under state law from those who pass away without a will.
Learn more about inheritance of recipient :
brainly.com/question/25997947
#SPJ4
The aicpa removed its general prohibition of cpas taking commissions and contingent fees because:______.
The AICPA removed its general prohibition of CPAS taking commissions and contingent fees because the FTC dragged the AICPA kicking and screaming into the agreement.
With more than 428,000 members in 130 nations, the American Institute of Certified Public Accountants is the primary professional association for CPAs in the United States.
With 421,000 members across 130 nations, the American Institute of CPAs is the largest member association in the world that represents the accounting industry. The AICPA produces and marks the Uniform CPA Examination, creates educational resources, monitors and enforces conformity within the profession, and more.
Learn more about AICPA here
https://brainly.com/question/14783090
#SPJ4
Access to lifesaving medicine is very limited in parts of africa; as a result, over 10 percent of children do not reach the age of five. What effect would this have on economic growth in africa?
Access to lifesaving medicine is very limited in parts of africa; as a result, over 10 percent of children do not reach the age of five. It would slow economic growth because worker health and labor productivity would grow more slowly.
Labor productivity measures the output of a country's economy computed on hourly basis. Especially, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.
Growth in labor productivity depends on three main factors: saving and investment in physical capital, new technology, and human capital.
Labor productivity should always not to be confused with employee productivity, which is a measure of an individual worker's output.
To know more about labor productivity here:
https://brainly.com/question/11535307
#SPJ4
If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when?
If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when: firms stop entering the industry
This is further explained below.
What is the industry?Generally, An industry is a set of firms that are considered to be in some way comparable due to the principal commercial activity that they engage in. There are hundreds of different ways to classify industries in contemporary economies. The various kinds of businesses are often organized into broader groups that are referred to as sectors.
In conclusion, If a monopolistically competitive company's demand curve is migrating to the left, it will cease doing so when the following occurs: businesses stop joining the industry.
Read more about the industry
https://brainly.com/question/2839443
#SPJ1
The ____ the existing spot price relative to the strike price, the ____ valuable a call option will be:
a. higher; less
b. lower; less
c. lower; more
d. higher; more
The higher the existing spot price relative to the strike price, the less
valuable the call options will be.
A strike price is a set price at which a derivative contract can be bought or sold when it is exercised. For call options, the strike price is where the security can be bought by the option holder; for put options, the strike price is the price at which the security can be sold. The strike price is also known as the exercise price.
The strike price is the price at which a derivative contract can be bought or sold. The value of a derivative is based on its underlying asset. The strike price, also known as the exercise price, is the key determinant of option value.
To know more about spot price here
https://brainly.com/question/13125943
#SPJ4
Monetary payments made by individuals, firms ,and governments for the use of others' land, labor, capital, and entrepreneurial ability are?
Monetary payments made by individuals, firms, and governments for the use of land, labor, capital, and entrepreneurial ability owned Explicit Cost (also known as accounting costs).
What is Explicit Cost ?Explicit cost refers to the cost incurred on account of purchase of factor and non factor inputs from the market.
Explicit cost is a payment made to others during the course of running a business that represents the outflows of cash in clear and obvious terms. Explicit costs include things like wages, mortgage, rent, utilities, advertisements, raw materials and other general, administrative and sales costs.
The condition of explicit costs is that it must be cash. If an accountant included amortization or depreciation under explicit costs, it would be inaccurate.
Here is a look at how explicit costs are calculated:
Explicit costs = cash outflows from the company's financial statement
Learn more about Explicit Cost on:
brainly.com/question/14903316
#SPJ4