The Amount a Business Gets to Keep, After Paying for All

question 51

Multiple Choice

The amount a business gets to keep, after paying for all costs and expenses, is termed:

• A) gross margin
• B) gross profit
• C) net loss
• D) net profit

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Definitions:

Volume Ratio

A comparative measure of the volume of one substance or entity to another, often used in scientific experiments and calculations.

Prokaryotic Cells

Cells that lack a distinct nucleus and membrane-bound organelles, characteristic of bacteria and archaea.

Eukaryotic Cells

Cells that contain a nucleus enclosed within membranes, distinguishing them from prokaryotic cells; they make up plants, animals, fungi, and protists.

Cell Theory

A fundamental theory in biology stating that all living things are made up of cells, that the cell is the basic unit of life, and that all cells arise from pre-existing cells.