Which of the Following Statements Is False

question 39

Multiple Choice

Which of the following statements is false?

• A)Explicit costs of using market-supplied resources entail an opportunity cost equal to the dollar cost of obtaining the resources in the market.
• B)When economic profit is zero,the firm's owners could not have done better putting their resources in some other industry of comparable risk.
• C)If economic profit is positive,accounting profit must also be positive.
• D)If economic profit is negative,accounting profit must also be negative.
• E)None of the above statements is false.

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Definitions:

Management Style

A method or approach a manager takes to fulfill their responsibilities, including how they plan, organize, make decisions, delegate, and manage employees.

Blake And Mouton

Referencing the Blake and Mouton Managerial Grid, a model used to evaluate management styles based on concern for people vs. concern for production.

Chief Executive Officer

The Chief Executive Officer (CEO) is the highest-ranking executive in a company, responsible for major decision-making, managing operations, and ensuring the company's success.

Managing

The act of directing and controlling a group or organization to achieve specific objectives.