Examlex
A(n) is a software program that presents key business information in graphical, easy-to-interpret form, and alerts managers to any deviations or unusual patterns in the data.
Entrepreneurial Talent
The unique set of skills, creativity, innovation, and risk-taking abilities that entrepreneurs possess to start and manage businesses.
Implicit Costs
Non-out-of-pocket costs, often opportunity costs, that represent the lost opportunity to use resources in an alternative way.
Short Run
The period of time during which at least one input, such as plant size, is fixed and cannot be changed.
Long Run
A period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs and operations to market demands.
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