Examlex
______________ is the theory that successful implementation of a crime-reduction initiative does not really prevent crime.
Implicit Costs
The opportunity costs that arise from using resources that a company already owns for production, instead of earning revenue from these resources elsewhere.
Explicit Costs
Explicit costs refer to direct payments made to others in the course of running a business, such as wages, rent, and materials.
Variable Cost
Costs that change in proportion to the level of output or production activity.
Baking Supplies
Items and ingredients specifically used for the process of baking, such as flour, yeast, baking soda, and baking pans.
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