Net Profit Refers To

question 14

Multiple Choice

Net profit refers to:

• A) the result of deducting liabilities from the assets of the firm.
• B) the result of subtracting cost of good sold from revenues.
• C) the result of deducting depreciation expense from revenues.
• D) the net earnings after the deduction of all expenses, including tax expense.

Understand how consumer preferences can influence market outcomes related to discrimination.

Analyze the role of human capital in explaining wage differences.

Recognize the difference between labor-market discrimination and pre-labor market discrimination.

Understand the challenges in measuring and understanding the extent of discrimination in labor markets.