If a Business Is Profitable from an Accountant's Point of View

question 96

Multiple Choice

If a business is profitable from an accountant's point of view, then:

• A)it is always profitable from an economist's point of view
• B)it is never profitable from an economist's point of view
• C)economic profit will be higher than accounting profit
• D)we cannot say without more information

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Definitions:

Extrinsic Motivation

Refers to motivation that comes from external factors or rewards, such as money, fame, grades, and praise, rather than internal desire or interest.

Unpleasant Situation

A scenario or condition that is disagreeable or uncomfortable for the individuals involved.

Pyramid Of Needs

A theory in psychology, proposed by Abraham Maslow, that prioritizes human needs from the most basic physiological needs to self-actualization.

Overeating

Consuming food in quantities larger than the body's energy requirements, often leading to weight gain and potential health issues.