Which of the Following Statements Is True of Profit in a Business

question 77

Multiple Choice

Which of the following statements is true of profit in a business?

• A) It is the difference in the number of customers served between two financial years.
• B) It is the financial reward that comes from starting and running a business.
• C) It is the difference between the stock at the start and end of an inventory reporting period.
• D) It is estimated by calculating the total interest amount due when a business has availed multiple loans.

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Definitions:

Recognized Types

Categories or classes of things that are acknowledged and identified based on specific criteria or characteristics.

Infant Sleep Patterns

Infant sleep patterns refer to the typical periods of sleep and wakefulness infants undergo, which change significantly in the first years of life.

Inconsistent

Referring to something that does not always behave or respond the same way every time, leading to unpredictability.

Ages

The various stages of life or periods of history marked by distinct characteristics or events.