Attempts to Increase Income Are Part of the ____________ Component

question 59

Multiple Choice

Attempts to increase income are part of the ____________ component of financial planning.

• A) planning
• B) obtaining
• C) saving
• D) sharing
• E) protecting

---

Definitions:

Differential Revenue

The difference in revenue generated under two different scenarios or as a result of a specific action.

Additional Cost

Expenses incurred that are over and above the originally planned or estimated costs.

Selling Price

The amount at which a product or service is offered to customers for purchase.

Opportunity Cost

The benefit that is missed or given up when choosing one alternative over another.