Single-Owner Proprietorships Often Unintentionally Exaggerate Their Profits Because They

question 92

Multiple Choice

Single-owner proprietorships often unintentionally exaggerate their profits because they

• A) forget their explicit losses.
• B) look at after-tax instead of pre-tax costs.
• C) pay their bills late and therefore incur large interest charges.
• D) neglect to consider the opportunity cost of the owner's labor.

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Definitions:

Industrialization

The process of transforming economies from primarily agrarian to one based on the manufacturing of goods, seen especially during the 19th and 20th centuries.

African-American

A term referring to Americans with ancestral origins in Africa, often pertaining to those whose ancestors were forcibly brought to America through the transatlantic slave trade.

Julien Hudson

A free African American painter who lived in the early 19th century, known for his portraits and miniatures in New Orleans.

Painter

An artist who creates visual art pieces using mediums such as oils, acrylics, or watercolors on surfaces like canvas, wood, or paper.