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elena-s [515]
3 years ago
15

Which of the following statements is true? Multiple Choice

Business
1 answer:
ser-zykov [4K]3 years ago
5 0

Answer: Option D

Explanation: Accounting profit is always equals to or greater than the economic profit of an entity. This is due to the fact that, while computing accounting profit the accountant do no take implicit cost into consideration.

Whereas, economic profit is the amount of profit remaining after deducting both explicit and implicit cost.

Implicit cost refers to the cost of loosing profits by choosing one alternative over other.

You might be interested in
Through what process can special interest groups and businesses influence the government?​
DochEvi [55]

Answer:

Lobbying

Explanation:

This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.

8 0
3 years ago
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of oper
Olin [163]

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:

Variable costs per unit:                        

Manufacturing:

Direct materials                                               $ 6

Direct labor                                                      $ 9

Variable manufacturing overhead                 $ 3

Variable selling and administrative                $ 4  

Fixed costs per year:

Fixed manufacturing overhead                      $ 300.000

Fixed selling and administrative                     $ 190.000

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.

The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.

Learn more about Income statements here:-brainly.com/question/1798830

#SPJ4

7 0
2 years ago
HELP PLEASE
siniylev [52]

Answer:

B

Explanation:

It's green careers

It seems its this

6 0
2 years ago
Read 2 more answers
Roll over each phrase to see various actions that ensure fair communications. Then drag the actions to the most appropriate cate
marta [7]

Answer / Explanation:

Access: Real motives, Asking customers, Providing data, allowing expression

Impacts: Thinking about your idea, thinking of the community

Fact: Checking your report, Avoiding exaggeration

Respect: Valuing others opinions, choosing words carefully.

Now to be able to fully comprehend the aforementioned above, let us define a couple of them.

Access: This simply refers to being able to get approval to what is needed

Impact: This refers to or can be likened to the action of an object coming forcibly into contact with another external object.

Fact: This can be likened to a process that has been tested and proven to be an established principle.

Respect: This can be referred to as the feeling of admiration for an individual or group of people due to their perceived abilities or level of achievement.

With the brief definition of this terms, i hope you find it logical why the action were dragged to the perceived most appropriate category.

5 0
3 years ago
Are policymakers susceptible to​ rent-seeking behavior? Explain. ​Rent-seeking behavior
Taya2010 [7]

The correct answer is D: May succeed when many voters are rationally ignorant.

Further Explanation:

Rent-seeking behavior can best be described a person lobbying for a particular business or person. Many times a politician is bribed to give a that business certain legislature rules/laws in favor for that company.

If logrolling is permissible, the rent seeking may be successful. Many times the this produces results that are not favorable to the public and can even be harmful. It really helps to understand the government policies when a person understands rent-seeking behavior.

Some ways a government may fail is;

  • rent seeking behavior
  • Regulatory capture
  • rational ignorance
  • logrolling

Learn more about rent-seeking behavior at brainly.com/question/13767756

#LearnwithBrainly

4 0
3 years ago
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