The Money That a Business Receives from the Sale of a Product

question 10

Multiple Choice

The money that a business receives from the sale of a product, which is calculated as the price of the good times the quantity sold, is known as:

• A) profit.
• B) sales.
• C) margin.
• D) total revenue.

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Definitions:

Contracting Out

involves a business hiring external organizations to perform specific tasks or services rather than using its internal resources.

Shirking

The act of avoiding or reducing work effort, especially in situations where it is difficult for employers to monitor or control employee behavior.

Takeover Bids

are proposals or offers made by an entity to acquire control of another company, typically by purchasing a majority of its stock.

Corporate Managers

Individuals who are in charge of directing and overseeing the operations and strategies of a corporation.