Ray Kroc Was Famous for Saying "If We've Got Time

question 15

True/False

Ray Kroc was famous for saying "If we've got time to lean, we've got time to clean," thus emphasizing a core company value.

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Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount at which an item or service is sold to the customer.

Outstanding Balance

The amount of money owed on a loan or credit account that has not yet been repaid.

Invoice

A document indicating a transaction between a buyer and a seller, listing the goods or services provided along with their prices and the total amount due.