Which of the Following Is Not an Environmental Force

question 27

Multiple Choice

Which of the following is not an environmental force?

• A) economic
• B) regulatory
• C) social
• D) commercial
• E) technological

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Definitions:

MC

Marginal Cost; the cost added by producing one additional unit of a product or service, essentially the cost of producing one more of something.

Break-Even

The juncture where the overall expenditures match the total income, resulting in neither a profit nor a loss.

Economic Profits

Profits exceeding the opportunity costs of all resources used, including both explicit and implicit costs.

Accounting Profits

The difference between total revenues and explicit costs, representing the net income a company reports on its financial statements.