If Owners of a Business Are Receiving Total Revenues Just

question 52

Multiple Choice

If owners of a business are receiving total revenues just sufficient to cover all their explicit and implicit costs,they are:

• A)doing better than their next best alternative.
• B)earning a normal profit.
• C)earning economic losses.
• D)doing worse than their next best alternative.

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Definitions:

Prejudiced Attitudes

Biased opinions or feelings toward members of specific groups, often based on stereotypes rather than personal experience.

LaPiere

A reference to Richard LaPiere, a sociologist known for his studies on attitudes and social behaviors, particularly regarding prejudice and discrimination.

Correspondence

In communication, it refers to the exchange of messages or information between two or more parties either through speaking, writing, or using some other medium.

Attitudes And Behaviour

The study of the relationship between people's evaluative orientations and their actions, emphasizing how attitudes can influence or predict behavior.