Examlex
A frontal plane runs vertically or longitudinally from front to back through the midline of the body, dividing the body equally into right and left parts.
Accounting Profit
Net income of a company is determined by deducting total expenses from total revenues, in line with established accounting norms.
Implicit Costs
The opportunity costs associated with a company's resources that are not directly paid out in cash but represent foregone alternatives.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision.
Explicit Costs
Direct, out-of-pocket payments for goods or services used in the production of a product or service.
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