For Each of the Following Sentences, Choose the Correct Pronoun

question 14

Multiple Choice

For each of the following sentences, choose the correct pronoun to fill in the blank. Select the letter of the correct answer. Mamadou and ____ thought that skydiving might be fun to try.

• A) I
• B) me
• C) her

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Definitions:

Accounting Profits

The net income for a company after all expenses have been deducted from revenues, according to generally accepted accounting principles.

Implicit Costs

The opportunity costs of using resources owned by the company for its own operations, rather than earning income elsewhere.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.

Implicit Costs

Costs that represent foregone opportunities, such as the income a business owner forgoes by investing in their own company instead of elsewhere.