Examlex
What type of research gathers information about a topic by administering questionnaires or interviews to people of an area of interest?
Opportunity Cost
The loss of potential gain from other alternatives when one particular alternative is chosen.
Savings Account
A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the efficiency with which a company utilizes its resources.
Explicit Costs
are direct, out-of-pocket payments for expenses incurred by a business or individual.
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