-What Are the Abnormal Earnings for Firm B?
A)$1,000
B)$2,000

question 1

Multiple Choice

$\begin{array}{lrrr}&\text { Firm A }&\text { Firm B }&\text { Firm C }\\\text { Actual earnings } & \$ 6,000 & \$ 14,000 & \$ 18,000 \\r & 10 \% & 8 \% & 12 \% \\B V_{t-1} & \$ 100,000 & \$ 150,000 & \$ 190,000\end{array}$
-What are the abnormal earnings for Firm B?

• A)$1,000
• B)$2,000
• C)$12,000
• D)$14,000

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Definitions:

Professional Association

An organization seeking to further a particular profession, protect the interests of its members, and maintain standards of practice.

Trade Union

An organization of workers formed to protect and advance their rights and interests through collective bargaining and other means.

Collective Interests

are shared objectives or goals that are of common concern to a group or society as a whole.

Professional Association

An organization seeking to further a particular profession, protect the interests of its members, and maintain standards within the field.