In the Long Run, for a Business to Remain in Operation

question 132

True/False

In the long run, for a business to remain in operation, the revenues from products sold should normally cover all costs and expenses and provide a reasonable income.

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Definitions:

Undertake

To commit oneself to and begin (an enterprise or responsibility); to take on.

APR

Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment.

Compounded Daily

A method where interest is calculated and added to the account balance every day, leading to higher yields over time.

Loan

Borrowed money that is typically repaid with interest.