The Difference Between the Value That an Activity Generates and the Cost

question 74

Multiple Choice

The difference between the value that an activity generates and the cost of the activity is called the ________.

• A) margin
• B) turnover
• C) revenue
• D) value-addition

---

Definitions:

Efficiently

Achieving a goal or desired outcome with the minimum waste of time, effort, or resource, often associated with optimal productivity.

Marginal Rate

A measure of the change in one variable compared to a unit change in another variable.

Sailboats

Wind-powered boats used for recreation, sport, or transportation, showcasing a blend of traditional and modern navigational technology.

Surfboards

Long, narrow boards used for riding waves in the sport of surfing.