________ Is the Amount That Is Left Over After Deducting

question 1

Multiple Choice

________ is the amount that is left over after deducting all other business expenses but before deducting interest and taxes.

• A)Sales revenue
• B)Operating income
• C)Net marketing contribution
• D)Marketing expenses
• E)Gross profit

Differentiate between absolute and comparative advantages.

Calculate opportunity costs from given data.

Understand the implications of trade on output and consumption in different economies.

Recognize the potential for mutual benefits from trade between individuals or nations.

---

Definitions:

Transaction Costs

Expenses incurred when buying or selling goods and services, which can include fees, taxes, and other charges.

Tax Implications

The effect that various financial decisions have on one's tax liability, including income generation, investments, and deductions.

Flotation Costs

Expenses incurred by a company in issuing new securities, including fees to underwriters, lawyers, and accountants.

Administrative Fees

Charges that cover the operational costs of managing investments or conducting transactions.