Given the Following Information That Includes All Costs of the Firm

question 17

Multiple Choice

Given the following information that includes all costs of the firm, we know that: $$\begin{array} {| l | r| } \hline \text { Value of final sales } & \$ 1,000 \\\hline \text { Rent } & \$ 200 \\\hline \text { Compensation to employees } & \$ 500 \\\hline \text { Interest } & \$ 500 \\\hline\end{array}$$

• A)profit is -$200.
• B)profit is $200.
• C)there is a loss that must be subtracted from final sales so that income equals output.
• D)income does not equal the value of final output.

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Definitions:

Cognitive Approach

A psychological perspective that emphasizes mental processes, such as perception, memory, and problem-solving.

Depressive Disorders

A category of mood disorders characterized by persistent feelings of sadness, emptiness, or hopelessness.

Personal Flaws

Characteristics or attributes of an individual considered as imperfections or shortcomings.

Pessimistic Explanatory Style

A tendency to blame oneself for negative events, believe such events will continue, and think they affect many aspects of life.