A Firm's Inputs Are Also Known as Its

question 59

Multiple Choice

A firm's inputs are also known as its

• A) outputs.
• B) profits.
• C) factors of production.
• D) revenues.
• E) costs.

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Definitions:

Straight-line Basis

Straight-line basis is a method of calculating depreciation and amortization, wherein an asset's cost is evenly spread over its useful life.

Cash Flow

A measurement of the net amount of cash and cash-equivalents being transferred into and out of a business.

Incremental Cost Approach

A decision-making process that focuses on the changes in total cost that would result from a decision to pursue one alternative over another.

Income Taxes

Taxes charged by the government on earnings generated by businesses and individuals within its jurisdiction.