There Will Be Income from Operations If

question 118

Multiple Choice

There will be income from operations if:

• A) revenues are greater than cost of goods sold.
• B) revenues are greater than operating expenses.
• C) gross profit is greater than operating expenses.
• D) cost of goods sold is greater than operating expenses.

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Definitions:

Competitiveness

The ability of a company or country to produce goods or services that meet the quality standards of the global market at competitive prices.

Economic Conditions

The current state of the economy, including factors such as inflation, unemployment, and economic growth.

Incremental Change

A gradual, step-by-step modification in processes, technologies, or policies intended to improve operations or outcomes without a fundamental transformation.

Strategic Proactivity

The approach of anticipating market trends, challenges, and opportunities, leading to proactive decision-making and strategic planning.