Which of the Following Is the Formula Used for Computing

question 408

Multiple Choice

Which of the following is the formula used for computing an accounting profit?

• A) accounting profits = total revenue - implicit costs
• B) accounting profits = total revenue - (implicit + explicit costs)
• C) accounting profits = total costs - total revenue
• D) accounting profits = total revenue - explicit costs

---

Definitions:

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Identify

The act of recognizing or establishing the identity of something.

Skills Approach

A perspective on leadership that emphasizes the importance of specific abilities and talents that can be developed or acquired for effective leadership.

Descriptive

Pertaining to the detailed description of characteristics, events, or phenomena without expressing any judgments or suggestions for change.