Write True or False to the Statements Below

question 52

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-The African Union is basically and seriously flawed because it ignored indigenous cultural affiliations in Africa.

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Definitions:

Profit

The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes associated with the activity.

Loss

An accounting term that represents the excess of expenses over revenues in a specific period, leading to a decrease in equity.

Disaggregation

Disaggregation involves breaking down financial information or data into smaller, more detailed components, often for analytical purposes.

Operating Profit

Earnings before interest and tax (EBIT), indicating the profit a company makes from its normal business operations.