An OPERATIONAL DEFINITION is a description of how the researchers will measure the variable of interest. The operational definition of a variable refers to the specific technique which will be used to measure that variable in the research study. Establishing an operational definition will help the researcher to eliminate any gray area that might arise later.
The correct option is B
<u>Explanation:</u>
<u>The accounting profit can be calculated with the help of following given formula
</u>
Accounting profit = revenue minus the explicit costs =100000 minus 25000
Thus, after calculations, the accounting profit is equal to $75000
<u>To calculate the economic profit, the following formula is to be used.
</u>
The economic profit = accounting profit minus the implicit costs
=75000 minus 30000
($30000 is his salary as the server which is opportunity cost) =$45000
Thus, the Option B is the correct answer.
Answer: Individuals may have different categories based on age, lifestyle, and income.
Explanation:
At different ages people have different needs.
Answer:
D - Procedure
Explanation:
The correct option from the multiple choices is D that is Procedure
(the procedure is a set of guidelines to tell how one should respond or act to a situation when it arises. These procedures are standard for all the time in such a similar circumstance.)
Thus, to outline a particular circumstance, procedure is the correct option.
Answer:
a. initial outlay = -$820,000
net cash flows years 1 - 5 = $240,000
net cash flow year 6 = $340,000
discount rate = 12%
using a financial calculator:
NPV = $217,400.87
IRR = 20.55%
b. initial outlay = -$560,000
net cash flows years 1 - 7 = $150,000
net cash flow year 8 = $206,000
discount rate = 12%
using a financial calculator:
NPV = $207,763.43
IRR = 21.65%
