Net Profit (Or Loss) = Variable Costs - Total Expenses

question 48

True/False

Net profit (or loss) = variable costs - total expenses.

---

Definitions:

Tender Offer

A general offer to stockholders to purchase shares at a specified price, usually for the purpose of acquiring a company.

Treasury Shares

Treasury shares are shares that were once part of the float and sold to the public but have since been bought back by the issuing company, reducing the amount of outstanding stock on the market.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, granting them ownership interests and voting rights.

Repurchase Price

The price at which an open-end mutual fund or a security that is bought back by the issuer, often a part of the repurchase agreement's terms.