Explicit costs are direct, out-of-pocket expenses that a company incurs during its operations. These costs are easily identifiable and measurable, typically involving monetary transactions. Explicit ...

Implicit and explicit business transactions relate to a company's opportunity costs and cash expenditures. A business incurs explicit costs from a variety of sources, including hiring workers and ...

In most lending arrangements, borrowers are required to make both principal and interest payments. While loan rates are often clearly stated, in many lending arrangements the interests rates are ...

At an all-hands meeting last week, Amazon CEO Jeff Bezos, in response to a question from an employee about the lessons learned from Sears, remarked "I predict one day Amazon will fail. Amazon will go ...

Serena Williams stands on the baseline of the court, waiting for her opponent to send a wicked-fast ball over the net. The ball, once served, rockets over at 100 mph, tracing a parabolic arc through ...