In the Sentence It Is Absolutely Essential That You Turn

question 7

True/False

In the sentence It is absolutely essential that you turn your expense claim in by Friday, the expression absolutely essential is redundant.

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Definitions:

Total Profit

The overall financial gain made in a business transaction or operation, calculated as the revenue minus the costs of achieving that revenue.

Total Loss

A situation in insurance or business where the cost of repair or recovery exceeds the value of the asset or investment.

Long Run

A period in economics during which all factors of production and costs are variable, and firms can adjust all inputs.

Efficient Output

The level of production that maximizes a firm's profits while minimizing its costs, often associated with where marginal cost equals marginal revenue.