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asambeis [7]
3 years ago
14

A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost

s do not require a direct monetary outlay by the firm, whereas implicit costs do. c) implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do. d) implicit costs must be greater than explicit costs.
Business
1 answer:
Andrej [43]3 years ago
8 0

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

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To make a decision resulting in good corporate citizenship, a business should evaluate the decision based on:
Sergio039 [100]

Answer:

All of them

Explanation:

When making decisions, a business should evaluate:

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  • Safety risks for consumers and employees: does it affect the safety and well being of our employees and customers?
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7 0
3 years ago
Why is it important to maintain network relationships, even after you have found a job?
blagie [28]

<span>It is important to still maintain network relationships even after you have found a job because it is useful in building career. In addition, should you decide to build your own business, your network will help you achieve success. Connection with people is the key in achieving your career and business goals. It is essential that you build and nurture it even after you are hired. </span>

7 0
3 years ago
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A bond is a(n):Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking
aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.  

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.  

3 0
3 years ago
The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is?
Anna007 [38]

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.

The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.

Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.

Learn more about variance here brainly.com/question/15858152

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5 0
1 year ago
Because of the wealth effect, a rising aggregate price level _____ the purchasing power of wealth and therefore _____ the aggreg
Tems11 [23]

Because of the wealth effect, a rising aggregate price level "reduces" the purchasing power of wealth and therefore "reduces" the aggregate quantity of output demanded.

<h3>What is wealth effect?</h3>

According to the wealth effect, a behavioural economic hypothesis, customers will spend more money even if their income stays the same.

The effect of wealth effect on aggregate demand is-

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6 0
2 years ago
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