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results from the failure to collect data on all subjects in the sample.
Accounting Profit
The difference between total revenue and total explicit costs, not accounting for implicit costs, according to traditional accounting methods.
Entrepreneur's Potential Earnings
Entrepreneur's potential earnings are the anticipated income an entrepreneur expects to generate from their business ventures, considering the risks and opportunities involved.
Annual Lease
is a contract specifying the terms under which one party agrees to rent property from another party for a period of one year.
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