Reducing Expenses to Increase Operating Profit Is Representative of ________

question 214

Multiple Choice

Reducing expenses to increase operating profit is representative of ________.

• A) safeguarding assets
• B) following company policies
• C) promoting operational efficiency
• D) ensuring accurate, reliable accounting records

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Definitions:

Present Value

The immediate value of a prospective sum of money or succession of payments, with a certain rate of return.

Compound Interest

Compound interest refers to the interest that is computed on both the initial principal amount and the interest that has been accumulated from previous periods for either a deposit or a loan.

Future Value

The value of an investment or payment at a specific future date, considering factors like interest rates or earnings.

Present Value

The current worth of a future sum of money or stream of cash flow given a specified rate of return, often used in the assessment of investment profitability.