Revenue, Minus Cost of Goods Sold =

question 44

Multiple Choice

Revenue, minus cost of goods sold =

• A) retained earnings.
• B) fundamental accounting equation.
• C) gross profit.
• D) net income.

---

Definitions:

Manager

An individual responsible for controlling or administering an organization or group of staff.

Middle Management

Second tier in the management hierarchy that focuses on specific operations within the organizations.

Team Leaders

Individuals responsible for guiding, directing, and managing the performance of a specific group or team to achieve set objectives.

Strategic Plans

Long-term, high-level frameworks that guide the overall direction, priorities, and goals of an organization, crafted to achieve competitive advantage.