Which of the Following Statements Is True About Profit

question 230

Multiple Choice

Which of the following statements is true about profit?

• A)Profit refers to the revenue received from the sale of a quantity of goods.
• B)Profit is calculated by multiplying price and quantity sold.
• C)The terms "accounting profit" and "economic profit" can be used interchangeably.
• D)Profit is the difference between revenue and cost.

---

Definitions:

Rhomboideus Major

A muscle in the upper back that helps with the movement of the shoulder blade.

Subclavius

The Subclavius is a small muscle located beneath the clavicle, playing a role in stabilizing the clavicle.

Pectoralis Minor

A thin, triangular muscle located beneath the pectoralis major muscle on the chest, participating in movements of the shoulder girdle.

Extensor Indicis

A muscle in the forearm that extends the index finger at the joints.