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When employees engage in ________, they use work time and resources to complete something other than their job duties, such as assignments for another job.
Elon Musk
An entrepreneur and business magnate known for his involvement in SpaceX, Tesla, Inc., and several other high-tech ventures.
Normal Profit
The minimum amount of revenue that a company needs to cover both explicit and implicit costs.
Entrepreneurs
Individuals who, rather than working as employees, run a business and assume all the risks and rewards of a given business venture, idea, or good or service offered for sale.
Allocative Efficiency
A state of resource distribution where resources are allocated in a way that maximizes the total benefit received by all members of society.
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