Add: ET unit-5 self

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@@ -314,4 +314,11 @@ purposes. Profits are reinvested to promote their objectives. Example: CRY Found
</ol>
<h3 class="heading" id="b-behavioral-approach">
B) Behavioral Approach<span class="heading__anchor"> <a href="#b-behavioral-approach">#</a></span>
&lt;/h3&gt;&lt;p&gt;This approach focuses on understanding how individuals think, feel, and behave within organisational settings. Drawing insights from disciplines such as psychology, sociology, anthropology, and economics, it emphasises the importance of studying human behaviour scientifically to develop effective management practices.&lt;/p&gt;</description></item></channel></rss>
&lt;/h3&gt;&lt;p&gt;This approach focuses on understanding how individuals think, feel, and behave within organisational settings. Drawing insights from disciplines such as psychology, sociology, anthropology, and economics, it emphasises the importance of studying human behaviour scientifically to develop effective management practices.&lt;/p&gt;</description></item><item><title>Unit 5</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit5/self/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit5/self/</guid><description>&lt;h3 class="heading" id="may-01-2026"&gt;
&lt;em&gt;&lt;strong&gt;May 01, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#may-01-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
&lt;/h3&gt;&lt;h2 class="heading" id="explicit-cost"&gt;
Explicit Cost&lt;span class="heading__anchor"&gt; &lt;a href="#explicit-cost"&gt;#&lt;/a&gt;&lt;/span&gt;
&lt;/h2&gt;&lt;p&gt;Explicit costs are direct, out-of-pocket payments that a business or individual makes for the use of resources or services. These costs are tangible, measurable, and recorded in accounting books, including expenses like rent, utility bills, wages, raw materials, and interest on borrowed capital.&lt;/p&gt;
&lt;h2 class="heading" id="implicit-cost"&gt;
Implicit Cost&lt;span class="heading__anchor"&gt; &lt;a href="#implicit-cost"&gt;#&lt;/a&gt;&lt;/span&gt;
&lt;/h2&gt;&lt;p&gt;Implicit costs are not directly paid out or recorded in financial statements, but represent the opportunity costs of using resources owned by the firm or individual. Examples include the forgone salary if an entrepreneur works in their own business instead of being employed elsewhere, or the interest income sacrificed by investing personal funds in the business rather than elsewhere.&lt;/p&gt;</description></item></channel></rss>