Accounting Profit Is Equal To

question 64

Multiple Choice

Accounting profit is equal to:

• A) implicit revenue minus implicit costs.
• B) explicit revenue minus explicit measurable costs.
• C) explicit revenue minus implicit and explicit costs.
• D) implicit and explicit revenues minus implicit costs.

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Definitions:

Negative Feelings

Unpleasant emotions such as sadness, anger, or fear, that can affect one's mental well-being.

Cognitive Restructuring

Cognitive restructuring is a psychological technique that aims to help people identify, challenge, and change irrational or maladaptive thoughts, beliefs, and attitudes.

Thinking Process

The cognitive activities involved in processing information, solving problems, and making decisions.

Beck

Aaron T. Beck, an American psychiatrist known for developing cognitive therapy (later known as cognitive-behavioral therapy) and his work on cognitive theories of depression.