If a Firm Goes Out of Business Because of Negative

question 111

Multiple Choice

If a firm goes out of business because of negative economic profits,its books

• A) might indicate a positive accounting profit.
• B) might indicate that opportunity costs were zero.
• C) might indicate that taxes are too high.
• D) might suggest a mistaken value of explicit costs.

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Definitions:

Benefits Costs

The expenses associated with providing benefits to employees, such as health insurance, retirement contributions, and leave entitlements.

Corporate Giving Matching Fund

A philanthropic program where a corporation matches donations made by employees to eligible nonprofits, essentially doubling the charity's receipt.

Employee Assistance Program

A work-based intervention program designed to identify and assist employees in resolving personal problems that may adversely affect their job performance.

Career Counseling

A service that helps individuals assess their interests, skills, and values to make informed decisions about their career paths and professional development.