Profits May Be Defined As

question 4

Multiple Choice

Profits may be defined as:

• A)expenses plus net income.
• B)costs plus revenues. 
• C)revenues plus expenses.
• D)revenues minus expenditures.

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Definitions:

Scientific Process

A methodical approach to research and experimentation that seeks to understand natural phenomena through observation, experimentation, and data analysis.

Hypothesis

A suggested explanation formulated with minimal evidence to serve as a foundation for additional exploration.

Experiment

A method used to prove or disprove the validity of an idea or hypothesis.

Feasibility Study

A planning tool that allows entrepreneurs to test the possibilities of an initial idea to see if it is worth pursuing.