Author Question: Profits A) are a cost of doing business because they are payments to others. B) are not a cost ... (Read 38 times)

c0205847 · **on:** Jun 30, 2018

Profits

A) are a cost of doing business because they are payments to others.
B) are not a cost of doing business because they are owed to resource owners.
C) are not a cost of doing business because they are often zero or negative.
D) are a cost of doing business because entrepreneurs would not incur the risk of starting a business if they didn't expect to earn profits.

Question 2

The labor force includes all of the following individuals who are 16 years or older EXCEPT

A) people who have never been in the labor force but have just found a job.
B) people who are retired and not actively seeking work.
C) the unemployed.
D) the employed.