Which of the Following Statements Is (Are) TRUE

question 100

Multiple Choice

Which of the following statements is (are) TRUE?
I. Accounting profit equals total revenue minus accounting cost.
II. Economic cost equals accounting cost minus opportunity cost.
III. Economic profit equals accounting profit plus opportunity cost.
IV. Economic profit equals total revenue minus economic cost.

• A) I and IV
• B) I, II, III, and IV
• C) II and IV
• D) I, III, and IV

---

Definitions:

Trait Perspective

A psychological viewpoint that focuses on the identification and measurement of specific, consistent characteristics individuals possess.

Humanistic Perspective

A psychological approach emphasizing individual potential, personal growth, and the intrinsic value of human beings, focusing on subjective experiences and free will.

Respiratory Illness

A term for diseases that affect the lungs and other parts of the respiratory system, such as bronchitis or asthma.

Shortness Of Breath

A condition where an individual experiences difficulty breathing or a feeling of being unable to get enough air, medically known as dyspnea.