There Will Be an Increase in the Need for Private

question 11

Essay

There will be an increase in the need for private ______________ because of fear of crime and the need to protect confidential information.This includes more surveillance, covert work and counter-espionage work.

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Definitions:

Income Statement

A document detailing a firm's income and outgoings during a certain time, ending in either a profit or a deficit.

Net Income

The total profit of a company after subtracting all costs, expenses, and taxes from the total revenue.

Net Loss

The amount by which total expenses exceed total revenues in a specific period, indicating a company's financial performance was negative.

Owner Withdrawal

The process by which an owner takes funds or assets out of the business for personal use, often referred to as "draws."