A Local Business Earned Total Revenue of $100,000 Against Economic

question 27

Multiple Choice

A local business earned total revenue of $100,000 against economic costs of $85,000, with the difference going to investors. If investors put in $200,000 and expect a 5% return on their investment, this business is earning a _____ economic profit.

• A) positive
• B) normal
• C) negative
• D) positive accounting profit but negative

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Definitions:

Participation

The involvement or contribution of individuals in a group or activity to achieve collective goals.

Input

Contributions or information provided for a specific purpose, often used in the context of feedback or data given to enhance a process or project.

Leadership

The ability to guide, influence, and inspire a group towards achieving a common goal.

Asking for Feedback

The process of seeking evaluative information or opinions from others about one's actions or performance.