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Every slide in a PowerPoint presentation has a background, the area behind the text and graphics.
Normal Profit
The minimum level of profit needed for a company to remain competitive in the market, essentially covering the opportunity costs of the business owner.
Entrepreneurial Talent
The unique set of skills, creativity, and innovation that entrepreneurs bring to create and manage new ventures.
Explicit Costs
Explicit costs refer to the direct, out-of-pocket payments made by businesses for the resources they use, such as wages, rent, and materials.
Uninsurable Risk
An eventuality for which the frequency or magnitude of potential losses is unpredictable or unknowable. Insurance companies are not willing to sell insurance against such risks.
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