BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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loss
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profit
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capital
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debt
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Detailed explanation-1: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue.
Detailed explanation-2: -For a business, income remaining after payment of expenses is: a. profit.
Detailed explanation-3: -As a general rule, an increase in any type of business expense lowers profit. Operating expenses are only one type of expense that reduces net sales to reach net profit.
Detailed explanation-4: -Overhead costs, also called “overhead expenses” or “operating expenses", are expenses associated with running a business that can’t be linked to creating or producing a product or service. They are the expenses the business incurs to stay in business, regardless of its success level.
Detailed explanation-5: -Net Income. Also called profit. Calculated as the: Revenue-Expenses.