What is the primary difference between accounting profits and economic profits? 1. Economic profits require the exchange of money; accounting profits do not. 2. Accounting profits ignore implicit costs; economic profits consider them. 3. Accounting profits only occur when money is made; economic profits can occur when money is lost. 4. Economic profits focus on money; accounting profits focus on all types of capital. Russ owns a fried chicken stand that operates at the local beach. In calculating how much he earns from his business, Russ notices a difference between his economic and accounting profits. Why would Russ' economic profits differ from his accounting profits?

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.