Listed Below Are Five Terms Followed by a List of Phrases

question 33

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Equals operating income plus nonoperating revenues less nonoperating expenses.

• A)Gross profit
• B)Net income
• C)Inventory turnover ratio
• D)Operating income
• E)Income before income taxes

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Definitions:

Divestitures

The act of selling off or otherwise disposing of a business unit or asset, often for strategic, financial, or regulatory reasons.

Restructuring

The process of organizing a company, department, or team in a new way to reduce costs or improve efficiency.

Public Relations

The professional maintenance of a favorable public image by a company, organization, or famous person.

Catering Company

A business that provides food services to events and locations, or prepares and delivers meals to customers.