GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The amount of money made by a business
|
|
|
The amount of expenses within a business
|
|
|
The amount of staff leaving a business during a certain period of time
|
|
|
The amount of money left over in a business once expenses have been paid
|
Detailed explanation-1: -Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs. While revenue and profit both refer to money a company earns, it’s possible for a company to generate revenue but have a net loss.
Detailed explanation-2: -Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold.
Detailed explanation-3: -Profit is simply total revenue minus total expenses. It tells you how much your business earned after costs. Since the primary goal of any business is to earn money, profit is a clear indication of how your company is functioning and performing in the market.
Detailed explanation-4: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time. To arrive at this value, you need to know a company’s gross profit. If the value of net profit is negative, then it is called net loss.