Net Income Is

question 144

Multiple Choice

Net income is

• A)The excess of revenues over expenses.
• B)The same as equity.
• C)Assets minus liabilities.
• D)A revenue.
• E)The excess of expenses over revenues.

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Definitions:

Professional Associations

Organizations that represent the interests of professionals in a specific industry or field, often providing members with educational resources, networking opportunities, and advocacy.

Labor Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work hours, and working conditions.

Union Pension Funds

Retirement fund pools managed by labor unions on behalf of their members, providing benefits upon retirement based on the collective contributions and investments.

Corporate Strategies

Plans or methods implemented by corporations to achieve specific business goals, including growth, market expansion, and competitiveness.