Last Year,MacTeck Enterprises Had Total Revenues of $34 Million While

question 101

Multiple Choice

Last year,MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million.Based on this information,MacTeck:

• A)earned a profit of $12 million.
• B)earned a profit of $56 million.
• C)suffered a loss of $12 million.
• D)suffered a loss of $22 million. Profits are found by subtracting costs and expenses from revenues,so MacTeck's profits are $34 million - $22 million = $12 million.

---

Definitions:

Hypothesis

A proposed explanation for a phenomenon made as a starting point for further investigation, testing, or experimentation.

Insider's Viewpoint

An approach or perspective that emphasizes understanding a group, culture, or situation from the point of view of its members.

Reactivity

In research, reactivity refers to the phenomenon where subjects alter their behavior or responses due to the awareness of being observed.

Reactivity

The tendency of a substance to undergo chemical reaction, either by itself or with other materials, and release energy.