GE Made $50 Billion in Revenue in 2013 with Total

question 12

Multiple Choice

GE made $50 billion in revenue in 2013 with total expenses of $35 billion, what was their total profit?

• A)$85B
• B)$15B
• C)$50B
• D)more information is needed

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Definitions:

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Cost Per Unit

The calculation of the cost to produce or acquire a single unit of product, including direct materials, labor, and overhead.

Selling and Administrative Cost

Expenses related to the selling of products and the general administration of a business, not including production costs.

Activity Rate

A measurement used in activity-based costing to allocate costs to specific activities, typically expressed as a cost per activity unit.