Question

Which of the following is an example of an “explicit cost”?(a) The wages a proprietor could have made by working as an employee of a large firm(b) The income that could have been earned in alternative uses by the resources owned by the firm(c) The payment of wages by the firm(d) The normal profit earned by a firm

Answer 1

anecdotes about your business. Identify the 'material' that will help build your chosen profile. Make this a habit that is part of the way you and your team think.