If a Pizza Joint Earns Only a Normal Profit This

question 29

Multiple Choice

If a pizza joint earns only a normal profit this year,its _____

• A)economic profit is equal to its accounting profit.
• B)economic profit is zero.
• C)economic profit is equal to the average accounting profit in other industries.
• D)accounting profit is zero.
• E)accounting profit is less than its economic profit.

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Definitions:

Deserving Employees

Workers who are considered to merit recognition or reward based on their performance, contributions, or achievements.

Monetary Compensation

The payment an employee receives in the form of wages, salaries, bonuses, and commissions.

Nonmonetary-Based Recognition

A form of appreciation shown to employees that doesn't involve financial rewards, such as public acknowledgment, awards, or professional development opportunities.

Gain-Sharing Plan

A program designed to increase productivity and performance through shared rewards when specific company goals are achieved.