Examlex
Which of the following best describes a flail segment?
Monetary Outlay
The amount of money spent on a particular transaction or investment.
Implicit Costs
The opportunity costs that arise when a company uses internal resources without a direct payment.
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.
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