If Your Business Earns $10,000 in Revenues, Has Explicit Costs

question 91

Multiple Choice

If your business earns $10,000 in revenues, has explicit costs of $7,000, and implicit costs of $5,000, your accounting profit is

• A) $2,000.
• B) -$2,000.
• C) $5,000.
• D) $3,000.

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Definitions:

Organizational Signposts

Indicators or symbols within an organization that communicate core values, priorities, and directions to its members.

Gesturing

The use of physical movements, typically with the hands, to express ideas or emotions or facilitate communication.

Extemporaneous Speaking

A form of speaking that is prepared in advance but delivered without the aid of a written or full script, noted for its spontaneity and naturalness.

Manuscript Speaking

The practice of delivering a speech or presentation from a written text, usually adhering closely to the prepared script.