Every Business Owner Wants to Be Profitable but What Is

question 75

Multiple Choice

Every business owner wants to be profitable but what is it about profit that the business owner really wants to know?

• A) how the profits will be distributed
• B) the number of years before making a profit
• C) the currency of the profit
• D) rate of return on the investment

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Definitions:

Work in Process

Inventory consisting of items that are in the production process but are not yet completed products.

T Accounts

A representation in accounting used to track the increases and decreases in individual financial statement items.