What Is the Term Applied to the Excess of Net

question 137

Multiple Choice

What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?

• A) gross profit
• B) income from operations
• C) net income
• D) gross sales

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Definitions:

Externality

A consequence of an economic activity, such as pollution, that affects third parties.

Acid Rain

Precipitation that contains a high concentration of sulfuric or nitric acids, often resulting from the emission of sulfur dioxide and nitrogen oxides from industrial activity.

Gas Prices

represent the cost per unit volume of gasoline, a widely monitored economic indicator due to its implications on consumer spending and economic health.

Price Mechanism

The method through which supply and demand dynamics set the prices for goods and services within a market-driven economy.