If a Shoe Store Earns More Than a Normal Profit,its

question 5

Multiple Choice

If a shoe store earns more than a normal profit,its _____

• A)economic profit must be greater than its accounting profit.
• B)economic profit is positive.
• C)economic profit is, therefore, equal to its accounting profit.
• D)accounting profit is zero.
• E)accounting profit is less than its economic profit.

---

Definitions:

Ethics

Moral principles that govern behavior, distinguishing between what is right and wrong.

Folkways

Norms for routine or casual interaction that guide everyday behavior in a society.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Ethical

Pertaining to or dealing with morals or the principles of morality; concerned with the distinction between good and evil or right and wrong behavior.