By Definition, Profits Are

question 59

Multiple Choice

By definition, profits are

• A)total output minus total inputs.
• B)total revenue plus total costs.
• C)total revenue minus total costs.
• D)total inputs minus total output.
• E)total costs minus total revenue.

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Definitions:

Evaluation Methods

Techniques and procedures used to assess the effectiveness, performance, or value of employees, projects, or programs within an organization.

Training Program

A structured educational process by which individuals are taught the skills needed for specific jobs or tasks within an organization.

Cost-Benefit Analysis

A decision-making process that compares the costs and benefits of a project or decision to assess its feasibility.

Future Role

Anticipated or envisioned function, responsibilities, or position of an individual or entity within a future timeframe.