Which of the Following Statements Is True About Profit

question 230

Multiple Choice

Which of the following statements is true about profit?

• A)Profit refers to the revenue received from the sale of a quantity of goods.
• B)Profit is calculated by multiplying price and quantity sold.
• C)The terms "accounting profit" and "economic profit" can be used interchangeably.
• D)Profit is the difference between revenue and cost.

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Definitions:

Plantarflex

The downward movement of the foot at the ankle, away from the leg, which helps in walking, running, or pushing an object like a pedal.

Swan-Neck Deformities

A finger deformity characterized by hyperextension of the proximal interphalangeal joint and flexion of the distal interphalangeal joint, often seen in rheumatoid arthritis.

Bouchard Nodules

Hard, bony outgrowths or nodules located on the proximal interphalangeal joints, often associated with osteoarthritis.

Heberden Nodes

Hard or bony swellings that can form on the distal interphalangeal joints, commonly associated with osteoarthritis.