Consider a Diagram in Which the Variable Measured on the Y-Axis

question 70

Multiple Choice

Consider a diagram in which the variable measured on the y-axis remains constant while the variable measured on the x-axis increases. The graph is of this relationship is a

• A) perpendicular line.
• B) line with slope equal to zero.
• C) line that has positive slope.
• D) line that has a negative slope.

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Definitions:

Net Income

A financial term representing the profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Income

Money received, especially on a regular basis, for work or through investments.

Expenses

Costs that a business incurs through its operations to generate revenue, including costs of goods sold, rent, utilities, and salaries.

Profit & Loss Statement

A financial report that summarizes the revenues, costs, and expenses incurred during a specific period, typically used to assess a company's financial performance.