How Is Wealth Different from Profits

question 9

Multiple Choice

How is wealth different from profits?

• A) Wealth is a personal issue, while profits are related to a business.
• B) Profits include a deduction for expenses, and expenses are not relevant for wealth calculations.
• C) Wealth reflects the value of all profits, both short- and long-term, while profits refer to economic profits only.
• D) all of the above

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Definitions:

Ethical Issue

An identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical.