If a Business Has Total Gross Profit of $14,720 and Total

question 17

Multiple Choice

If a business has total gross profit of $14,720 and total operating costs of $11,500, what is its net profit?

• A) $3,000
• B) $3,220
• C) $1,150
• D) $0

---

Definitions:

Person Adjustment

The process of adapting or accommodating oneself to handle challenges, changes, or demands in life effectively.

Legal Rights

Entitlements or permissions granted to individuals by law, encompassing freedoms, protections, and the ability to engage in certain activities without interference or oppression.

Formally Adopt

The legal process by which an individual becomes the lawful guardian of a child, thereby acquiring parental rights and responsibilities.

Blended Family

A blended family is a family unit where one or both parents have children from previous relationships, but they have combined to form a new, single household.