Answer:
Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.
Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.
In this case, we have the following explicit costs:
$420,000 paid to the manufacturer
$247,000 paid in wages and utility bills
And we have the following implicit costs:
$9,000 in rent per year if Hubert rented out the local
$32,000 per year if Hubert worked as a financial advisor
Answer:
A growing company may not be earning any profits yet, but may nevertheless provide a great investment opportunity.
Other times, a lack of profitability can be a huge red flag that something is wrong with the firm.
Explanation:
Answer:
Early precautionary measures of trouble ahead can not be issued.
Explanation:
Since a strategic strategy maps out a path for the organisation to follow, it will enable it tighten its attention in order to get somewhere. Therefore, strategic preparation will help the organisation create the best priorities and strategies and help others concentrate their energies on achieving them.
I think it is both A and B I coukd be wrong tho
Ohio State University's research on initiating structure and consideration was focused on identifying the task-oriented aspect of leadership.
Task-oriented leadership occurs when the manager specifies the group's tasks and delegates assignments to each member, through clear processes and with a set deadline for completion.
In task-oriented leadership, the leader will clearly establish the initiation structure by organizing the group's actions guided by a well-defined schedule.
Therefore, Ohio State University research was focused on identifying task-oriented leadership, which is used to structure the workplace by directing the achievement of tasks and priorities through completion in the allotted time.
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