The Species of Organism Whose Members Always Rationally Weigh All

question 49

Multiple Choice

The species of organism whose members always rationally weigh all the relevant costs and benefits in choosing the best course of action is called what

• A)Homo economicus
• B)Homo sapiens
• C)Homo rationalicus
• D)Homo microcosmicus

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Definitions:

Sales Over Cost

It refers to the ratio or difference between the sales generated and the cost of the goods sold, aimed at measuring profitability.

Gross Profit

The income a firm generates once it subtracts the expenses involved in the production and sale of its goods, or the expenses incurred from offering its services.

Income From Operations

The earnings generated from a company's everyday, core business operations.