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:

Supply Chain Management

The control over the transportation and warehousing of raw materials, goods in the production process, and finalized items from their source to their destination of use.

Supply Chain

A network comprising of entities, individuals, processes, data, and assets that facilitate the transit of a good or service from its origin to the end user.

Whole-Lot Quantities

The complete amount of goods considered as a single unit for manufacturing, ordering, or selling purposes.

Quick Response Systems

Technology-driven systems designed to improve the efficiency of information flow and material handling, thereby speeding up transactions and responsiveness in the supply chain.