Bessie Wants to Calculate the Accounting and Economic Profits of Her

question 76

Multiple Choice

Bessie wants to calculate the accounting and economic profits of her cattle farm in Alberta.She pays $30 000 per year in overhead,$80 000 in wages,and $20 000 in insurance.She forgoes $30 000 per year that she could make as a teacher.If her total revenue equals $140 000,that means her accounting profit is _____ and her economic profit is _____.

• A) $10 000;-$20 000
• B) $30 000;-$30 000
• C) -$10 000;-$10 000
• D) $60 000;$30 000

Differentiate between source bias and pack journalism.

Elucidate the concept of virtual democracy.

Analyze the notion of the national entertainment state and its implications.

Assess the effects of media ownership concentration, commercialism, and corporate influence on news content and diversity.

---

Definitions:

Management Inventories

Tools or systems used to record and track managerial resources, skills, and potentials within an organization.

Nominal Group Technique

A structured form of brainstorming that allows individuals to participate in idea generation and decision-making processes anonymously.

External Supply

Resources or materials provided by third-party companies or suppliers outside the organization.

Labour Supply

The total hours that workers are willing and able to work at a given level of compensation, in a specific labor market.