The Total Amount of Money That Businesses Take in by Selling

question 69

Multiple Choice

The total amount of money that businesses take in by selling goods and services is called ________.

• A) profit
• B) revenue
• C) loss
• D) retained earnings

---

Definitions:

Trait Approach

A theory in leadership emphasizing the importance of innate qualities and traits in determining leadership effectiveness.

Katz's Skills Approach

A leadership model proposing that effective leadership depends on three basic personal skills: technical, human, and conceptual.

Mumford Skills Model

A framework that outlines the competencies, knowledge, skills, and personal attributes that contribute to effective leadership, developed by researcher Michael Mumford.

Style Approach

A perspective in leadership studies focusing on the behavior of the leader and identifying how leaders interact with, motivate, and manage followers.