The Difference Between Revenues and Expenditures for Inputs Is Known

question 26

Multiple Choice

The difference between revenues and expenditures for inputs is known as

• A)cash flow.
• B)net revenue.
• C)debts.
• D)profits.

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Definitions:

Specific Performance

An equitable remedy of the court that may be granted for breach of contract where money damages would be inadequate, and that requires the defendant to carry out the agreement according to its terms.

Possession

The state or fact of owning or having control over something, either physically or legally.

Full Payment

The complete settlement of an amount due, leaving no balance.

Assignment

The transfer of a debtor’s property to an Official Receiver under a voluntary assignment in bankruptcy.