-From the Table Above,it Is Clear That

question 56

Multiple Choice

-From the table above,it is clear that

• A) accounting for opportunity costs increases profitability.
• B) if accounting profit is positive,economic profit will also be positive.
• C) if economic profit is negative,accounting profit will also be negative.
• D) if accounting profit is zero,economic profit must be negative.
• E) if accounting profit is positive,economic profit will be negative.

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Definitions:

Planning Budget

An estimated financial plan used primarily for strategic and operational planning within an organization.

Units

Basic quantities or entities used as a standard of measurement for inventory, production, or other business processes.

Selling and Administrative Expenses

Costs that are not directly tied to the production of goods or services, including marketing expenses, salaries of sales personnel, and management salaries.

Client-Visits

The act of meeting clients in person for business purposes, such as providing services, building relationships, or making sales.