Revenues Are

question 36

Multiple Choice

Revenues are:

• A)The same as net income.
• B)The excess of expenses over assets.
• C)Resources owned or controlled by a company.
• D)The increase in equity from a company's sales of products and services.
• E)The costs of assets or services used.

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Definitions:

Distribution

The process of making a product or service available for the consumer or business user that needs it, which can involve transportation, packaging, and delivery.

Production

The process of creating, developing, manufacturing, or bringing forth goods and services, typically involving both human labor and tools or machinery.

Collective Ownership

A principle or practice where the assets or property are owned jointly by all members of a group or community, emphasizing shared rights and responsibilities.

Means of Production

The tools, machinery, facilities, and resources used to produce goods and services, often discussed in the context of economic systems and ownership.