Which of the Following Would Have the Least Likelihood of Being

question 2

Multiple Choice

Which of the following would have the least likelihood of being treated as an extraordinary item?

• A) Uninsured loss from earthquake
• B) Gain or loss on sale of equipment
• C) Gain or loss arising from enactment of new law
• D) Uninsured loss from fire

---

Definitions:

VMPL

The Value of Marginal Product of Labor, which is the additional value created by employing one more unit of labor.

Profit-maximizing

The process by which a firm determines the price and output level that generates the most profit.

MR

Marginal Revenue, which is the extra revenue that an organization receives from selling one more unit of a product.

Nominal Wage Rate

The amount of money paid per hour, day, or other unit of work, without adjusting for inflation.