A Return Above Implicit and Explicit Costs Is Called

question 361

Multiple Choice

A return above implicit and explicit costs is called

• A)accounting profit.
• B)economic profit.
• C)opportunity cost.
• D)total revenue.
• E)total physical product.

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Definitions:

Assessment Centre Testing

A rigorous method used by employers to evaluate candidates using a variety of tests and exercises designed to simulate the conditions of a particular job.

Personality Tests

Assessments designed to measure and evaluate individuals' characteristic patterns of behavior, thought, and emotion.

Legitimate Reason

A valid or lawful basis for a decision or action.

Physical Unfit

A state or condition of not having the necessary physical strength, stamina, or ability to perform a task or engage in activity.