BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Money that a business has left over after all the expenses and costs of running the business are paid.
A
Economics
B
Profit
C
Capitalism
D
Service
Explanation: 

Detailed explanation-1: -Net profit looks at how much money your business has left after all expenses have been deducted.

Detailed explanation-2: -Profit is the value remaining after a company’s expenses have been paid. It can be found on an income statement.

Detailed explanation-3: -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-4: -Gross profit is the income that is left after production costs have been subtracted from revenue, and helps investors determine how much profit a company earns from the production and sale of its products.

There is 1 question to complete.