Examlex
Which two types of solution are built with the Meraki Location Scanning API? (Choose two.)
Explicit Costs
Direct payment made to others in the course of running a business, such as wages, rent, and materials.
Accounting Profits
The net income of a company determined by subtracting total expenses from total revenues, according to generally accepted accounting principles.
Economic Profits
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing profit beyond the normal rate of return.
Opportunity Cost
The loss of potential gain from other alternatives when one particular alternative is chosen.
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