When We,as Listeners,focus on the Message,we Are Said to

question 29

Multiple Choice

When we,as listeners,focus on the message,we are said to

• A)attend.
• B)understand.
• C)select.
• D)remember.

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Definitions:

Implicit Costs

The opportunity costs that arise from using resources that could have been employed in an alternative use but were instead utilized in the current operation without direct payment.

Explicit Costs

Direct, out-of-pocket payments for goods and services used in the production of a product or provision of a service.

Accounting Profit

The difference between total monetary revenue and total monetary costs, excluding the consideration of opportunity costs.

Explicit Costs

These are the direct, clear expenses related to business operations, such as salaries, utilities, and rent, that are easily quantifiable.