A Return Above Implicit and Explicit Costs Is Called

question 361

Multiple Choice

A return above implicit and explicit costs is called

• A)accounting profit.
• B)economic profit.
• C)opportunity cost.
• D)total revenue.
• E)total physical product.

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Definitions:

Human Communication

The interaction and sharing of messages or information among people through various verbal or non-verbal methods.

Inescapable

Impossible to avoid or evade; unavoidably present or compulsory.

Interpersonal Communication

The process by which people exchange information, feelings, and meaning through verbal and non-verbal messages in face-to-face settings.

Implicit Rules

Unspoken, unwritten expectations and norms that govern behavior in groups and societies.