ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is meant by the term surplus?
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The reward for not-for-profit enterprises enjoyed when income < expenditure
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The reward for enterprise enjoyed when total revenue exceeds total costs
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -nounmoney remaining in account. difference. dividend. excess.
Detailed explanation-2: -The sum of consumer surplus and producer surplus is social surplus, also referred to as economic surplus.
There is 1 question to complete.