Which of the Following Is a Term for Profits Kept

question 20

Multiple Choice

Which of the following is a term for profits kept by a corporation for reinvestment?

• A) Added earnings
• B) Retained earnings
• C) Approved income
• D) Added profit
• E) Saved profit

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Definitions:

Price Elastic

A measure of how much the demand for a product or service changes in response to a change in its price.

Sales Volume

The number of units of a product or service sold by a company in a specified period.

Local Dealerships

Businesses authorized to sell and service vehicles from specific manufacturers within a designated geographic area.

Cheapest Product

The item or service offered at the lowest price among a range of products.