Which of the Following Statements Is True

question 116

Multiple Choice

Which of the following statements is true?

• A)Accounting profit is always positive.
• B)Economic profit is always positive.
• C)Economic profit is greater than or equal to accounting profit.
• D)Accounting profit is greater than or equal to economic profit.

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Definitions:

Sensory Memory

The shortest-term element of memory that allows us to retain impressions of sensory information after the original stimuli have ended.

Flashlight

A portable, battery-operated device used for illumination.

Dial

A control or mechanism on a device for adjusting settings or tuning.

Clustering

A process of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.