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COGNITIVE ASSESSMENT You set up your computer so that your elbows are at about 90 degrees and your viewing distance is 18 to 28 inches. What scientific principle are you using to ensure your comfort and safety while using the computer?
Accounting Profit
The total revenue of a business minus the explicit costs and depreciation, calculated using standard accounting practices.
Annual Revenue
The total income generated by a company or an organization from its operations, calculated on a yearly basis.
Normal Profit
The level of profit necessary for a company to remain competitive in the market, essentially breaking even when accounting for both explicit and implicit costs.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use, rather than selling those resources externally.
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