About Alicia Keys. Alicia Keys can be described as a modern-day Renaissance woman. A 12-time Grammy Award-winning singer/songwriter/producer, Keys is also an accomplished actress, a New York Times best-selling author, an entrepreneur and a powerful force in the world of philanthropy and in the global fight against HIV and AIDS.
Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
Terms And Definitions. Direct Costs - any cost which is identified specifically with a particular final cost objective (contract). Indirect Costs - FAR 31.203 defines indirect cost as follows: An indirect cost is any cost not directly identified with a single, final cost objective, but identified with two or more final cost objectives.