In Determining a Firm's Costs, Accountants Include _____ Costs, and Economists

question 1

Multiple Choice

In determining a firm's costs, accountants include _____ costs, and economists include _____ costs.

• A) implicit; no implicit
• B) implicit; no explicit
• C) implicit and explicit; no implicit
• D) explicit; implicit and explicit

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Definitions:

Networking

The activity of building and maintaining professional or social relationships, especially to share information and opportunities.

Spreadsheet Software

A computer application used for storage, organization, and manipulation of data in rows and columns, allowing for complex calculations, data analysis, and visual data representation.

Technical Skill

Specific abilities and knowledge required to perform particular tasks, especially related to technological or scientific fields.

Professional Development

Ongoing training and education aimed at enhancing an individual's skills, knowledge, and competencies for career advancement.