INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is money that is left over after all expenses of running a business have been deducted from the income:
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economics
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profit
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expenses
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savings
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Explanation:
Detailed explanation-1: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.
Detailed explanation-2: -Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders. This represents the portion of the company’s equity that can be used, for instance, to invest in new equipment, R&D, and marketing.
Detailed explanation-3: -Net profit is the money you get to keep after all expenses and taxes are paid. Net profit is often called the bottom line because it appears as the last line of your income statement after all expenses have been taken out.
There is 1 question to complete.