Accounting Profits Are Calculated As

question 132

Multiple Choice

Accounting profits are calculated as:

• A) total revenue minus explicit costs.
• B) total revenue minus all opportunity costs, explicit and implicit.
• C) total revenue minus implicit costs.
• D) None of these is true.

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Definitions:

Humanism

A psychological perspective that emphasizes the individual's inherent drive towards self-actualization and creativity.

Personality Psychology

The study of individual differences in characteristic patterns of thinking, feeling, and behavior.

Internal Factors

Elements within an organization or individual that influence behavior, choices, and actions, such as values, expectations, and personal drive.

Genetic Factors

Elements within an organism's genetic makeup that influence its physical and behavioral characteristics.