Net Income Is Equal to Gross Profit Minus Operating Expenses

question 38

True/False

Net income is equal to gross profit minus operating expenses.

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Definitions:

Olfaction

The sense of smell, which is the detection and identification of chemicals by the sensory cells in the nose.

Thalamus

A major part of the brain serving as a hub for transmitting messages between the sensory organs and the cerebral cortex.

Kinesthetic Sense

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints, enabling physical coordination.

Intensity

The degree of strength, force, or level of energy in an activity, phenomenon, or a person's actions.