Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Cold War
Accounting Profit
The difference between a company's total revenue and its explicit costs.
Capital
Capital refers to financial assets or physical goods that are used by a company to produce goods, offer services, or create additional wealth, including tools, machinery, and buildings.
Chicago Cubs
A professional American baseball team based in Chicago, Illinois, known for their long history and passionate fanbase.
Implicit Cost
The opportunity costs of using resources that a company already owns to produce goods or services, not involving direct payment.
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