Because a Firm Has Implicit Costs as Well as Explicit

question 234

Multiple Choice

Because a firm has implicit costs as well as explicit costs,

• A)its economic profit is usually the same as its accounting profit.
• B)its accounting profit is always less than its economic profit.
• C)its economic profit is usually more than its accounting profit.
• D)its economic profit is usually less than its accounting profit.

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Definitions:

Influence Tactic

Influence tactics are strategies or actions used by individuals or groups to persuade or direct others’ behaviors, decisions, or attitudes towards a desired outcome.

Self-Promotion

The act of promoting or advocating for oneself to advance one's own interests, career, or status.

Influence Tactic

Strategies or methods used by an individual or group to sway or alter another person's attitudes, behavior, or perceptions.

Self-Promotion

is the act of advocating for oneself to advance personal goals, increase visibility, and highlight one's skills and accomplishments.