A Set of Physical Properties, the Values of Which Determine

question 115

Multiple Choice

A set of physical properties, the values of which determine characteristics or behavior, is called

• A) interoperables.
• B) parameters.
• C) informatics.
• D) gauges.

---

Definitions:

Normal Rate

The standard or average rate at which something occurs, such as interest rates, inflation, or unemployment rates.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, according to standard accounting principles.

Economic Profit

The difference between the total revenue generated by a business and the total opportunity costs of all resources used.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing excess return over opportunity costs.