Which of the following terms refers to the profits that are available to be used to satisfy the preferences of the owner in how the business is run?

Question

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Slack resources refer to unused resources that are available for future use, liability of newness refers to the challenges that new businesses face, takeoff refers to a stage in the growth of a business, and depreciated assets refer to assets that have decreased in value over time. The profits available to satisfy the preferences of the owner are known as slack resources.

Which of the Following Terms Refers to the Profits That