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

question 32

True/False

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

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Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.

Risk-averse

A preference for certainty over gamble, where an individual prefers to avoid risk even if it means a potentially lower expected return.

Political Science Major

An academic discipline that focuses on the study of government, political processes, and political behavior.

English Major

An academic field of study that focuses on literature, language, and writing in the English language.