A Firm's ________ Describe(s) the Ways in Which It Makes

question 41

Multiple Choice

A firm's ________ describe(s) the ways in which it makes money.

• A) proceeds account
• B) break-even analysis
• C) revenue streams
• D) cash flow
• E) income statement

---

Definitions:

Externality

An economic effect of a transaction that affects third parties who did not choose to be involved in the transaction.

Externality

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.

Market Exchange

The process through which goods, services, or assets are traded between buyers and sellers at a determined price.

Negative Externalities

Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.