The Excess of Net Revenue Over the Cost of Goods

question 110

Multiple Choice

The excess of net revenue over the cost of goods sold is called:

• A) operating profit.
• B) net loss.
• C) merchandising income.
• D) gross profit.

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Definitions:

Guaranteed Loan

A loan backed by a third party, reducing the risk for lenders and often making it easier for borrowers to secure financing.

SBA

Refers to the Small Business Administration, a U.S. government agency that provides support to entrepreneurs and small businesses.

Venture Capital Firms

Investment companies that provide funding to start-up companies and small businesses with perceived long-term growth potential.

High-tech Industries

Sectors that are heavily involved in the development and production of technology, including computing, telecommunications, and biotechnology.