Multiple Choice
The costs of labor and land used to produce a product is
A) administrative costs.
B) costs of goods sold.
C) net profit plus the cost of capital.
D) none of these choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The income statement indicates how revenue is
Q2: Economic profit equals<br>A)accounting profit plus the cost
Q4: Increases in revenue will<br>A)increase economic profit<br>B)decrease economic
Q5: In 2006 Disney had<br>A)a positive economic profit.<br>B)accounting
Q6: The cost of capital and the cost
Q7: Reducing direct costs will<br>A)increase economic profit.<br>B)decrease economic
Q8: The equity premium is the return<br>A)investors expect
Q9: Abnormal net income is similar to economic
Q10: The financial statement that shows how revenue
Q11: Entry continues as long as<br>A)economic profits are