Author Question: Economists and accountants both think of profits as total revenue minus total cost, but what they ... (Read 61 times)

londonang · **on:** Jun 30, 2018

Economists and accountants both think of profits as total revenue minus total cost, but what they include in costs may differ.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Outsourcing refers to the process in which:
a. a firm purchases service from another firm in another country.
b. a firm hires laborers from a foreign market.
c. the government of a country works toward providing social security and other rights to migrant workers.
d. a firm purchases service from another firm.
e. workers of a particular country seek employment in a firm of a foreign country.