Net Income Can Best Be Described As

question 156

Multiple Choice

Net income can best be described as:

• A)Net cash received by a company during the year.
• B)Revenues minus expenses.
• C)The amount of profits retained in a company for the year.
• D)Resources owned by a company.

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Definitions:

Rightness

The quality of being morally correct, justifiable, or acceptable according to ethical principles.

Principle of Effort

The notion that the outcome of one's endeavors is directly related to the amount of effort put in.

Social "Goods"

Benefits or positive outcomes that contribute to the well-being of a society or community, including both tangible resources and intangible elements like justice and safety.