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 ...

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 ...

Employees, managers, customers and owners of organizations enjoy certain legal rights associated with their position in the company or nonprofit. Many of these rights are explicit, though in some ...

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 ...