What Should You Report to Your Supervisor About the Discharge

question 21

Multiple Choice

What should you report to your supervisor about the discharge process?

• A)the type of vehicle that picked up the client
• B)who accompanied the client
• C)what the client took home
• D)all of the above

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Definitions:

Resources

Assets or inputs used to produce goods and services.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the financial gain in excess of opportunity costs.

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase, leading to decreased efficiency.