True or False: the Absolute Value of a Negative Number

question 171

True/False

True or false: The absolute value of a negative number equals the opposite of that number.

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Definitions:

Annual Lease

An agreement where a lessor allows a lessee to use a property for a period of one year in exchange for payment.

Entrepreneur's Forgone Interest

The potential interest income sacrificed by an entrepreneur when choosing to invest personal funds into their own business rather than in an interest-bearing account.

Long-Run Average Cost

The per-unit cost of production in the long-term, where all input factors are variable, indicating economies or diseconomies of scale.