The Role of __________ Requires That One Be Objective and "Value

question 34

Short Answer

The role of __________ requires that one be objective and "value free" in approaching and reporting on the subject matter.

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

TR

Refers to Total Revenue, which is the total income a company earns from the sale of its goods and services.

Positive Profit

Positive Profit occurs when the total revenue of a business exceeds its total costs.