Net Income Is

question 78

Multiple Choice

Net income is:

• A) The excess of debits over credits.
• B) The increase in owners' equity resulting from the profitable operations of the business.
• C) The excess of credits over debits.
• D) The increase in assets of a company during a year.

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Definitions:

Powerlessness

A lack of power.

Top-down Communication

An organizational communication flow where information is passed from higher levels of the hierarchy to lower levels.

Powerlessness

The feeling or state of lacking control or influence over one's circumstances or environment, often leading to frustration or resignation.

Overly Supervision

An excessive level of oversight and control by managers or supervisors over the work and decisions of their subordinates.