Net Operating Income Is Defined As

question 91

Multiple Choice

Net operating income is defined as:

• A)net income plus interest and taxes.
• B)sales minus variable expenses.
• C)sales minus variable expenses and traceable fixed expenses.
• D)contribution margin minus traceable and common fixed expenses.

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Definitions:

Prohibition

The period during which the manufacture, sale, and transportation of alcoholic beverages were banned in the United States through the 18th Amendment to the Constitution (1920-1933).

Tolerance

The need for increasing levels of a drug in order to produce a constant level of effect.

Binge Drink

The consumption of an excessive amount of alcohol in a short period, typically defined as consuming five or more drinks for men, or four or more for women, within about two hours.

Abuse Alcohol

The harmful use of alcohol that leads to health problems, social issues, and psychological disorders.