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prohojiy [21]
3 years ago
11

Explain the difference between implicit and explicit costs

Business
1 answer:
Elodia [21]3 years ago
5 0

Explicit costs are reported in business documents.  They are also known as direct costs.  Explicit costs result in tangible assets for the company.  Some examples are: rent, wages, maintenance.  Explicit costs are easier to identify and account for because they leave a paper trail.


Implicit costs can be described as opportunity costs.  Implicit costs deal with intangibles and do not leave a paper record.  Implicit costs can be time or wasted opportunities, for example.  An implicit cost is simply the loss of a possible benefit or asset that didn't occur.  

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3 years ago
Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese go
Luden [163]

Answer:

The correct answer is bureaucratic.

Explanation:

Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, work specialization, hierarchy and impersonal relationships. The term is used in sociology, in administrative science and, especially, in public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know it and call it in a standardized or uniform way. A clear example of this characteristic of bureaucracies, particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.

4 0
3 years ago
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Harman [31]
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6 0
3 years ago
Which job role involves designing user interfaces to carry out difficult tasks?
Oliga [24]

Answer:

E.  software engineer

Explanation:

<em>The job role that involves designing user interfaces to carry out difficult tasks would be software engineer.</em>

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3 0
3 years ago
If the net present value of a project is positive (non-zero), then the project's:________.a) PI will be less than 1. b) internal
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Answer:

b) internal rate of return will exceed its required rate of return.

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The internal rate of return is the discount rate at which the NPV = 0. If the NPV is positive when calculated using the project's discount rate, then the IRR is going to be higher than the discount rate.

Option A is wrong because the profitability index (PI) of a project is calculated by dividing the present value of its cash flows by its cost. If the NPV is positive, it means that the present value of its cash flows will be greater than the costs, so the pI will be more than 1.

Option C is wrong because if the costs exceed the benefits, then the NPV will be negative.

Option D is wrong because that would mean that the NPV is negative.  

Option E is something made up that doesn't make any sense.

5 0
3 years ago
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