Operating Income Refers To

question 108

Multiple Choice

Operating income refers to:

• A)operating revenue minus operating expenses.
• B)revenue generated by day-to-day business activities.
• C)gains minus losses.
• D)the net income of the company during the relevant time period.

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Definitions:

Sale of Goods

The sale of goods is a commercial transaction where the ownership of tangible personal property is transferred from seller to buyer for a price.

Unilateral Contract

A contractual agreement in which one party makes a promise in return for an act by another party.

Offeror

The offeror is the party in a contract who presents the terms of the offer to another party for acceptance, potentially leading to an agreement.

Performance

In legal terms, performance refers to the act of completing the duties or fulfilling the obligations specified in a contract.