Economic Profit of a Decision in Question Equals

question 30

Multiple Choice

Economic profit of a decision in question equals

• A)accounting profit of the decision in question + its opportunity cost.
• B)accounting profit of the decision in question − accounting profit of the best available alternative.
• C)accounting profit of the decision in question + its opportunity cost + overheads.
• D)its opportunity cost + accounting profit of the best available alternative.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions towards social situations and interactions.

Avoids Mistakes

The act of preventing errors through careful planning, foresight, and taking corrective measures.

Conscientiousness

A personality trait marked by organization, dependability, and a strong sense of duty.

Deadlines

Specified times or dates by which tasks must be completed or objectives must be achieved.