The ____ Style Button Formats Numbers as Percentages, Displayed to the Nearest

question 10

Multiple Choice

The ____ Style button formats numbers as percentages, displayed to the nearest percent, with no decimal places.

• A) Currency
• B) Comma
• C) Percent
• D) all of the above

---

Definitions:

Economic Profits

The margin between an organization's complete earnings and its aggregate expenditures, covering both visible and hidden costs.

Implicit Costs

Implicit costs are the opportunity costs of using resources owned by the business for production instead of lending, selling, or renting them out.

Accounting Profits

The net income for a company determined by subtracting total expenses from total revenues, according to generally accepted accounting principles (GAAP).

Short Run

A period of time during which at least one factor of production is fixed, usually considered in economic models and analyses.