As a General Rule, When Accountants Calculate Profit They Account

question 294

Multiple Choice

As a general rule, when accountants calculate profit they account for explicit costs but usually ignore

• A)certain outlays of money by the firm.
• B)implicit costs.
• C)operating costs.
• D)fixed costs.

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Definitions:

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Legal term referring to any activity or agreement that restricts or impedes free competition in the market, often deemed unenforceable or illegal.

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