Net Income Is Defined as

question 76

Multiple Choice

Net income is defined as

• A)revenues minus expenses.
• B)expenses minus revenues.
• C)assets minus revenues.
• D)assets plus revenues.
• E)owners' equity assets minus expenses.

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Definitions:

Customer Desires

The wants or needs of customers that a business aims to fulfill with its products or services.

Customizes

Modifies or tailors a product, service, or system to meet specific requirements, preferences, or needs of an individual or group.

Productivity

The efficiency of production of goods or services, measured by the output per unit of input, such as labor hours, materials, or energy.

Ethically

In a manner that is morally right or acceptable according to societal or professional standards.