Profit Is What Remains After Business Expenses Are Subtracted from Business Revenues

question 226

Short Answer

Profit is
what remains after business expenses are subtracted from business revenues.
equal to the market value of shares in a company.
equal to total revenue minus cash expenses.
the amount of sales minus 50 percent.
double the amount the company pays in taxes.

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Definitions:

Self-determination

The concept of individuals having the freedom and ability to make choices and control their own lives.

Competence Stage

refers to one of the levels in the psychological theory of skill acquisition, where an individual becomes consciously skilled at a task.

Learning Curve

The rate of a person's progress in gaining experience or new skills, typically described as the relationship between learning and time.

Life Context

The various personal, social, and environmental factors that influence an individual's experiences and perspectives.