What Is a Firm's Net Income

question 16

Multiple Choice

What is a firm's net income?

• A) the difference between the sales and other income generated by a firm, and all costs, taxes, and expenses incurred by the firm in a given period
• B) the last or "bottom" line of the income statement
• C) a measure of the firm's profitability over a given period
• D) all of the above

---

Definitions:

Carbon Source

A molecule used by an organism as a source of carbon for growth and development; can be organic, such as glucose, or inorganic, like carbon dioxide.

Energy Source

A resource that provides power for heat, light, or motion, or fuel for organisms' metabolic processes.

Leaf Color

The color of leaves, determined by pigments such as chlorophyll and anthocyanins, and indicative of health or seasonal changes.