Net Income Is Simply the Difference Between Revenue and Cost

question 332

True/False

Net income is simply the difference between revenue and cost of goods sold.

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Definitions:

HRIS Database

An HRIS (Human Resource Information System) database is a specialized software used for data entry, data tracking, and the information management of all human resources operations within an organization.

Share Information

The act of exchanging data, knowledge, or insights among individuals, teams, or organizations to facilitate decision-making or problem-solving processes.

Service Delivery System

The mechanism or process through which a company provides its services to customers, including all the activities, people, and technologies involved.

Technology Platform

A base of technologies and software solutions that provide the infrastructure for developing, running, and managing applications.