Total Revenue Equals

question 27

Multiple Choice

Total revenue equals

• A) price × quantity sold.
• B) profit - cost.
• C) price.
• D) quantity sold - cost.
• E) cost × price.

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Definitions:

Contract

refers to a legally enforceable agreement between two or more parties that creates obligations to do or not do specific things.

Intention

A person's plan or purpose to carry out an exact action, often considered in legal contexts to determine the nature of an agreement or responsibility.

Unconditional Acceptance

An agreement to the terms of an offer without any modifications or conditions.

Original Offer

The initial proposal or terms presented by one party to another during negotiations for a contract or agreement.