Laura's Pizza Place Incurs $800,000 Per Year in Explicit Costs

question 251

Multiple Choice

Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs.The restaurant earns $1.3 million in revenues.Based on this information, what is the accounting profit for Laura's Pizza Place?

• A)$200,000
• B)$400,000
• C)$500,000
• D)$900,000

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Definitions:

HR Functions

The comprehensive set of roles and responsibilities performed by the human resources department, including recruiting, training, employee relations, and compensation management.

Transactional Work

Tasks or jobs that involve routine and repetitive activities, often characterized by clear procedures and guidelines.

Strategic HRM

Involves designing and implementing a set of internally consistent policies and practices that ensure an organization's human capital contributes to the achievement of its business objectives.

HR Policies

HR Policies are formal guidelines and procedures developed by an organization to govern its human resources management practices, ensuring consistency and compliance.