Examlex
Which of the following is false?
Total Variable Cost
The total variable cost is the sum of all variable expenses that change in proportion to the volume of output or production.
Profit
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.
Revenue
The total amount of money received by a company for goods sold or services provided during a certain time period.
TR
Refers to Total Revenue, which is the total income a company earns from the sale of its goods and services.
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