Explicit Cost Meaning Explicit costs are the culmination of all direct and indirect expenses recorded in a company’s ledger. It includes expenses that impact the profitability of a business—raw material, wages, rent, administrative charges, and sales expenses. They are mentioned in the financial...
In contrast, the adjectiveimplicitdescribes something that has beenimplied—meaning it has been suggested or hinted at but not actually directly stated or expressed. For example, sayingWe had an implicit agreementmeans that the agreement was implied but never actually stated or written down. These s...
When an action is chosen, the highest-valued alternative not chosen is called the: A. accounting cost. B. opportunity cost. C. implicit cost. D. explicit cost. Different Types of Costs in Economics: It is key in...
aog(狗) 在汉语中是一种卑微的动物, 其喻义大多为贬义, 如“猪狗不如”、“狐朋狗友”、“狗仗人势”、“狼心狗肺”、“狗胆包天”、“狗头军师”等 og (dog) in Chinese is one kind of base and low animal, it explains righteousness mostly is the derogatory meaning, like “the pig dog was...
Cost-benefit analysis of urban highway pricing and investment: An explicit expenditure function approach : by Timothy Doe-Kwong Hau, Department of Economics, University of California, Davis CA 95616, 1981. (Dissertation in the Department of Economics, University of California, Berkeley, CA 94720 ...
Information has little value until it is given meaning or used on the job, like raising levels of competence (Pascarella, 1997). Human intervention is usually needed to interpret and extract various types of useful information (Lee, 2000). '' Data-mining'' software and people skilled at ...
With object-based storage, the cluster has parallel and direct access to all data spread across the shared storage, meaning a large volume of data can be accessed in one simple step by the cluster for computation and visualization to improve speed in the movement of data between storage and ...