Revenues Are

question 30

Multiple Choice

Revenues are:

• A)additions to Retained Earnings.
• B)subtractions from Retained Earnings.
• C)additions to dividends.
• D)subtractions from net income.

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Definitions:

Government Deregulation

The process of reducing or eliminating government rules controlling how businesses can operate, often to encourage more competition and innovation.

Economies of Scale

Enterprises gain cost benefits from their scale of operation, which typically results in the cost per unit of output decreasing as the scale increases.

Economic Profit

The total revenue of a business minus its explicit and implicit costs.

Government Regulation

Policies and rules established by government bodies to control and guide the activities of businesses and individuals within the society.