Gains Are Similar to Revenue and Increase Net Income, and Losses

question 66

True/False

Gains are similar to revenue and increase net income, and losses are similar to expenses and decrease net income.

---

Definitions:

Spot Market

A marketplace where financial instruments or commodities are traded for immediate delivery.

Market Segments

Portions of the market differentiated by distinct needs, characteristics, or behaviors, where businesses target specific products or campaigns.

Seasonal Demand

relates to fluctuations in consumer demand for specific products or services at certain times of the year, driven by factors like holidays, weather, and cultural events.

Diploma Covers

Protective and often decorative holders or folders for diplomas, certificates, or other official documents.