If the Baloney Store earns more than a normal profit, its
a. economic profit must be greater than its accounting profit
b. economic profit is positive
c. economic profit is, therefore, equal to its accounting profit
d. accounting profit is zero
e. accounting profit is less than its economic profit
B
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Which of the following statements about ACH transactions is false?
A) They reduce the likelihood of missed payments. B) They reduce transactions costs associated with check processing. C) They reduce the costs that lenders incur in notifying customers of missed payments. D) They typically involve digital cash.
According to the book, the most important strategy to a firm is its
A) pricing strategy. B) new product strategy. C) cost control procedures. D) all of these choices were reported to be equally important.