Joey Is a Businessman

question 83

Multiple Choice

Joey is a businessman.He develops cases and covers for mobile phones.He wishes to showcase his products so that more people know about his work.Which of the following will help him in promoting his products?

• A)SoundHound
• B)WordPress
• C)Pinterest
• D)Bing

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Absorption Costing

An accounting method that includes all manufacturing costs (direct labor, direct materials, and both variable and fixed overhead) in the cost of a product.

Variable Costing

An accounting method that considers only variable costs for product costing, excluding fixed manufacturing overhead from the cost of goods sold.

Income Statement

A financial report that shows the company's revenues and expenses over a specified period, resulting in net profit or loss.