Which of the Following Definitions Is Correct

question 97

Multiple Choice

Which of the following definitions is correct?

• A)Accounting profit + economic profit = normal profit.
• B)Economic profit − accounting profit = explicit costs.
• C)Economic profit = accounting profit − implicit costs.
• D)Economic profit − implicit costs = accounting profits.

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Definitions:

Proteolytic Enzyme

An enzyme that breaks down proteins into smaller peptides or amino acids.

Chymotrypsin

Proteolytic enzyme formed in the small intestine from the pancreatic precursor chymotrypsinogen.

Ribonuclease

Enzyme that splits RNA into its component nucleotides.

Defecation Reflex

Combination of local and central nervous system reflexes initiated by distension of the rectum and resulting in the movement of feces out of the lower colon.