Explicit costs can include:
A)out-of-pocket costs.
B)fixed costs.
C)variable costs.
D)All of these can be included in explicit costs.

Name: Explicit costs can include: A)out-of-pocket costs. B)fixed costs. C)variable costs. D)All of these can be included in explicit costs.
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Question

Quizplus · Accepted Answer

Explicit costs are direct payments made to others in the course of running a business, such as wages, rent, and materials, which can include out-of-pocket, fixed, and variable costs.

Explicit Costs Can Include