One Difference Between Revenues and Gains Is That Gains Arise

question 69

True/False

One difference between revenues and gains is that gains arise from transactions that are incidental to the operations of the business.

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Definitions:

Primary Stakeholders

Individuals or groups that have a direct interest or stake in the actions, success, or policies of an organization, including customers, employees, and investors.

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.

Fiduciary Duties

Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.