Explicit Costs Are

question 69

Multiple Choice

Explicit costs are

• A) the opportunity costs of all resources used by the firm.
• B) the costs associated with the resources that the firm owns.
• C) actual expenditures that a firm must make.
• D) all costs associated with the short run.

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Definitions:

Reactions

The responses or behaviors that individuals display in response to external stimuli or events.

Charismatic Leaders

Leaders who inspire enthusiasm, devotion, and strong levels of adherence among followers, often through personal magnetic traits and persuasive skills.

Behaviors

The way in which one acts or conducts oneself, especially towards others.

Collective Efficacy

The shared belief in the ability of a group to execute actions necessary to achieve specific objectives.