Total Revenue Minus Only Explicit Costs Is Called

question 331

Multiple Choice

Total revenue minus only explicit costs is called

• A)accounting profit.
• B)economic profit.
• C)average total cost.
• D)implicit profit.

---

Definitions:

Behaviors

Observable actions or reactions of individuals, often analyzed in psychology and organizational studies to understand human interactions.

KSA's

Abbreviation for Knowledge, Skills, and Abilities; the attributes required to perform a job and are generally demonstrated through qualifying service, experience, or education.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Performance Expectations

Standards set by an organization or manager to define the desired level of performance from employees.