Final answer:
The advantages of implicit declarations in business are saving time and making code more concise, while the disadvantages include making the code harder to understand and maintain.
Step-by-step explanation:
The advantages of implicit declarations in business are that they can save time and make code more concise. When using implicit declarations, the programmer does not have to explicitly state the data type of a variable, which can simplify the coding process. Additionally, implicit declarations can be helpful when dealing with large codebases where explicit declarations may lead to redundancy.
The disadvantages of implicit declarations in business are that they can make the code harder to understand and maintain. Without explicit declarations, it may be unclear what type of data a variable is intended to hold. This can lead to confusion and errors when working with the code. Implicit declarations can also make it more difficult for other programmers to collaborate on a project.
For example, let's say you are working on a project that requires a lot of mathematical calculations. Using implicit declarations for variables that store the results of these calculations can make the code more readable and less cluttered.