GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Explicit cost or also called as
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indirect cost
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direct cost
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none of the above
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both A and B
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Explanation:
Detailed explanation-1: -Explicit costs-also known as “accounting costs”-are easy to identify and link to a company’s business activities to which the expenses are attributed. They are recorded in a company’s general ledger and flow through to the expenses listed on the income statement.
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