Which of These Is Generally an Example of an Extraordinary

question 7

Multiple Choice

Which of these is generally an example of an extraordinary item?

• A) Loss incurred because of a strike by employees.
• B) Write-off of deferred marketing costs believed to have no future benefit.
• C) Gain resulting from the devaluation of the U.S. dollar.
• D) Gain resulting from the state exercising its right of eminent domain on a piece of land used as a parking lot.

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Definitions:

Maximize Profits

The process or strategy of adjusting production or operations to achieve the highest possible financial return or profit.

Total Revenue

The overall amount of money that a business receives from the sale of goods or services, calculated as the unit price times the quantity sold.

Additional Worker

An employee added to the workforce, often to address increased demand or enhance productivity.

Profit-Maximizing

The method or approach through which a company decides on the pricing and production quantity that yields the highest profit.