A Firm's Accounting Profit Is Always Greater Than Its Economic

question 8

Multiple Choice

A firm's accounting profit is always greater than its economic profit because

• A) economic profit considers implicit costs,which accounting profit does not.
• B) accounting profit considers explicit costs,which economic profit does not.
• C) economic profit is always zero,no matter what kind of firm it is.
• D) accounting profit considers implicit costs,which economic profit does not.
• E) accounting profit is always positive,no matter what kind of firm it is.

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Definitions:

Line of Products

A range of related products offered by a company, often characterized by function, target market, or brand.

Opinion Approach

A sales technique where the seller starts the conversation by asking for the prospect's opinion to engage them and build rapport.

Safety Equipment

Devices or apparatus designed to protect individuals from harm or accidents.

Sales Presentation

A pitch or demonstration given by a salesperson to a potential buyer, with the aim of promoting and selling a product or service.