_____ Profit Is Total Revenue Minus Implicit and Explicit Costs

question 99

Multiple Choice

_____ profit is total revenue minus implicit and explicit costs.

• A) Sales
• B) Implied
• C) Accounting
• D) Economic

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Definitions:

Bad-News Message

A communication strategy used to convey unfortunate or disappointing information to the audience in a tactful manner.

Gather Information

The act of collecting data or facts from various sources to increase knowledge or make decisions.

Ethics

Principles that define what is morally right and wrong, governing individuals' behaviors and decisions.

Indirect Strategy

A communication approach where key messages are delivered in a roundabout or less direct manner.