If a Business Is to Be Successful in the Long

question 3

Multiple Choice

If a business is to be successful in the long run,it must treat its customers,employees,and community with social

• A) meetings.
• B) responsibility.
• C) agendas.
• D) insight.
• E) interests.

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Definitions:

Income Statement

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

Rent Expense

The cost incurred from leasing property or equipment for business operations, recognized on the income statement.

Fees Earned

Income received from providing services.

Wages Expense

The total cost incurred by a business for the payment of wages to employees for a specific period.