Which of the Following Observations Is Correct

question 12

Multiple Choice

Which of the following observations is correct?

• A) The economic principles established in the Koran are against free enterprise.
• B) The economic principles of Islam prohibit the payment or receipt of interest.
• C) The Koran speaks disapprovingly of earning legitimate profit through trade and commerce.
• D) Protection of the right to private property is not embedded within Islam.

---

Definitions:

Budgeting Formulas

Mathematical expressions or guidelines used in the process of preparing budgets to estimate revenues, expenses, and net income.

Revenue

The total amount of money generated by a company from its activities, such as sales of goods or services, before any expenses are subtracted.

Customers Served

The number of clients or customers a business has provided products or services to within a specific time period.

Flexible Budget

A budget that adjusts or flexes with changes in volumes or activity levels, allowing for more accurate budgeting and performance evaluation.