If Gross Profit Exceeds Operating Expenses, the Company

question 69

Multiple Choice

If gross profit exceeds operating expenses, the company:

• A) had a net loss.
• B) broke even.
• C) had a net income.
• D) liabilities are greater than assets.

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Definitions:

Observation Learning

A type of learning that occurs through observing the behaviors of others and the outcomes of those behaviors, without direct instruction.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, or preferences through study, experience, or teaching.

Extinction

in behavior science, refers to the process by which a previously reinforced behavior is weakened by ceasing to provide reinforcement.

UCS

An abbreviation for Unconditioned Stimulus, a stimulus that naturally and automatically triggers a response without any prior conditioning in behavioral psychology.