Which of the Following Is Another Way of Saying "Marginal

question 163

Multiple Choice

Which of the following is another way of saying "marginal benefits of an action"?

• A) Benefits given up, once the action is taken
• B) Unintended gains from taking the action
• C) Benefits accruing to others, as a result of one's action
• D) Extra benefits resulting from the action

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Definitions:

Withdrawals Account

A Withdrawals Account tracks the money or assets taken out of a business by its owner(s) for personal use, affecting the owner's equity balance.

Owner's Capital

The amount of equity belonging to the owner of a business, reflecting investments and accumulated earnings.

Income Summary

An accounting tool used to aggregate all income and expense accounts to determine net income or loss for a period.

Revenue

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.