In Reference to Finance, How Is Wealth Different from Profits

question 12

Multiple Choice

In reference to finance, how is wealth different from profits?

• A)Wealth is a personal issue, while profits are related to a business.
• B)Profits include a deduction for expenses, and expenses are not relevant for wealth calculations.
• C)Wealth reflects the value of all profits, both short- and long-term, while profits refer to economic profits only.
• D)all of the above

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Definitions:

Gas Station

A retail establishment that sells fuel and engine lubricants for motor vehicles.

Location Services

A technology used to determine a device's current location through GPS or similar methods, often to provide personalized services or information.

SMS

Short Message Service, a text messaging service component of most telephone, internet, and mobile-device systems allowing the exchange of short text messages.

Intrabusiness Applications

Software and systems used within a business to facilitate operations, manage resources, and enhance internal communication and workflows.