Net Income Is the Profit Left Over After Subtracting Expenses

question 128

True/False

Net income is the profit left over after subtracting expenses and dividends from revenues and gains.

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Definitions:

Business Managers

Professionals responsible for planning, controlling, and overseeing the operations and activities within a business to achieve organizational goals.

IT Managers

IT managers are professionals responsible for overseeing and managing the information technology (IT) resources and personnel within an organization, ensuring the effective and efficient utilization of technology.

Business Departments

Divisions within a company that are responsible for various functions such as sales, marketing, finance, and human resources.

IT Departments

Divisions within organizations responsible for overseeing and managing technology systems, including hardware, software, and networks.