Answer: (C) Cost that represents the value of resources used in production for which no monetary payment is made
Explanation:
The implicit cost is one of the type of economical cost which represent the resources values in the production.
In the implicit cost no monetary payment is made that is actual payment in the opportunity cost.
Implicit cost is also known as national cost and the implied cost. The implicit cost refers to the cost which is using in the form of asset rather than selling it and this term is also refers to the foregone income.
Therefore, Option (C) is correct.
Answer:
without them the business would be out of control and it wouldn't have different point of views which will change peoples opinions on it point of view
Explanation:
Answer:
Kaizen Philosophy
Explanation:
Kaizen philosophy refers to good change. It is a Japanese term in which the companies are required to improve their processes continuously. The companies which offer low cost car vehicles are overlooking Kaizen principle because they are contributing to environment pollution. Kaizen principle focuses on new improvements and abolishes old concepts.
8.35=8
Any decimal point below 5 is rounded down; above 5 is rounded up
Ex: 10.6=11
Hope this helps!
