Which of the following terms does the following define? a firm's total revenue from sales of output minus the firm's explicit costs. in other words, it is the total money made from sales of cupcakes minus the cost to make the cupcakes. accounting profit is in most cases the same as the common understanding of profit
a. implicit costs
b. explicit costs
c. economic profit
d. accounting profit

answer is d

haile selassie i was the emperor of ethiopia from 1930-1974

an informal structure in a bureaucracy would be something like so-called "office politics". where there's a formal structure set up for the organization, but then an informal subculture as well that has a way of organizing the bureaucracy further. this can be positive because it sets up an added degree of organization, albeit informal, within the bureaucracy.