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"I think therefore I behave"-a version of Descartes's statement "I think therefore I am"-indicates the importance of on behavior and would not be agreed with by a behaviorist.
Net Income
The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.
Net Loss
The amount by which total expenses exceed total revenues in a specific period, indicating financial loss.
Balance Sheet
A financial statement that provides a snapshot of a company’s financial position by listing assets, liabilities, and equity at a specific point in time.
Owner's Equity
The residual interest in the assets of a business after deducting liabilities, representing the ownership interest of the shareholders or owners.
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