For each of the following types of business,indicate why the manager needs to know the unit cost information.
Definitions:
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.
Social Venture Capitals
Investment funds that provide capital to businesses making a positive impact on social issues, focusing on both financial returns and social outcomes.
Triple Bottom Line
An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.
Wicked Problem
A complex, difficult to define issue without a clear solution and with interconnected elements.
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