Total Revenue Minus Only Explicit Costs Is Called

question 331

Multiple Choice

Total revenue minus only explicit costs is called

• A)accounting profit.
• B)economic profit.
• C)average total cost.
• D)implicit profit.

---

Definitions:

Homogeneity Of Attribution

The tendency to assume that individuals within a group share the same attributes, beliefs, or characteristics, often leading to stereotypes.

Explanatory Style

The tendency to use similar causal attributions for a wide variety of events in one’s life.

Self-enhancement

involves activities or thoughts that improve one’s self-esteem or self-image, often through comparison with others or focusing on positive feedback.

Internal Attributions

Ascribing the causes of behavior to personal dispositions, traits, abilities, and feelings.