Which of the Following Statements Is True About Revenue

question 44

Multiple Choice

Which of the following statements is true about revenue?

• A)Revenue is the total amount received for selling a good or service.
• B)Revenue is calculated by dividing the price per unit by the number of units sold.
• C)The terms "revenue" and "profit" can be used interchangeably.
• D)A firm's revenue will increase as its costs increase.

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Definitions:

Economic Status

A measure of a person's or a family's financial and social position relative to others, based on income, education, and occupation.

Common Interests

Shared hobbies, activities, or beliefs that bring people together or help in forming bonds.

Drinking

The act of consuming liquids, often contextually referred to the consumption of alcoholic beverages.

Part-Time Job

Employment with fewer hours per week compared to full-time positions, allowing for flexibility, often pursued by students or individuals with other commitments.