Examlex
Which of the following is an example of an occupational physiological-physical condition?
Economic Profit
A measure of profitability calculated by subtracting both explicit and implicit costs from total revenues, reflecting the true economic performance of a business.
Implicit Costs
Represent the opportunity costs of using resources that a firm already owns for production, instead of allocating them for other purposes.
Economic Profits
The margin between total earnings and all incurred costs, accounting for both obvious and concealed expenses.
Accounting Profits
Net income reported on a company's financial statements, calculated as total revenues minus explicit costs, excluding opportunity costs.
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