Which of the Following Statements About Net Income (NI) Is

question 38

Multiple Choice

Which of the following statements about net income (NI) is true?

• A) NI = operating income plus nonoperating revenue.
• B) NI = operating income plus operating costs.
• C) NI = operating income less income taxes.
• D) NI = operating income less cost of goods sold.

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Definitions:

Strategic Basis

The foundational approach or rationale underlying the formulation of strategies within an organization or project.

Scanlon Plan

A participative management method that focuses on productivity improvement and labor cost savings, with financial benefits shared among employees.

Labor Cost Savings

Reductions in expenses associated with employee compensation, including wages, benefits, and other payroll-related costs.

Industrial Revolution

A period of major industrialization that took place during the late 18th and early 19th centuries, leading to significant technological, socioeconomic, and cultural changes.