One of the Section Headings in Your Report Is, "Unexpected

question 35

Multiple Choice

One of the section headings in your report is, "Unexpected Price Increases." In the table of contents, the section heading should

• A) not be included.
• B) be in boldface type.
• C) be paraphrased.
• D) be worded exactly the same way.

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Definitions:

Positive Profit

Positive Profit occurs when the total revenue of a business exceeds its total costs.

Total Revenue

Total Revenue refers to the total receipts from sales of goods or services by a firm over a specified period.

Variable Costs

refer to expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.

Fixed Costs

Costs that do not change with the level of output produced, such as rent or salaries.