When a Firm's Sales Revenue Is Greater Than Its Expenses

question 57

Multiple Choice

When a firm's sales revenue is greater than its expenses, the firm has a _____.

• A) profit
• B) loss
• C) positive cash flow
• D) financial resource
• E) factor of production

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Definitions:

Closed-ended Research

Research methodology that uses predefined responses to questions, allowing for easy quantification of data.

Closed-ended Research

A research approach that uses structured questions with predetermined response options in surveys or questionnaires.

Open-ended Research

A research approach that allows for the collection of detailed, qualitative data without limiting respondents to predetermined answers.

Explanation

Providing reasons for how or why something occurs, often involves detailing cause-and-effect relationships.