Which of the Following Is FALSE

question 63

Multiple Choice

Which of the following is FALSE?

• A) White space is always white.
• B) White space gives a document visual structure.
• C) White space is a term for the part of the document that does not contain data or documentation.
• D) White space creates a sense of order in the mind of the worksheet user.

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Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.