Charge Minus Cost Equals

question 12

Multiple Choice

Charge minus cost equals:

• A) cash flow.
• B) expense incurred.
• C) profit.
• D) total reimbursement.

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Definitions:

Activity Level

The volume of production or the rate of operations in a business activity.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more precise cost control.

Food And Supplies

These are consumable items bought and used in the operations of businesses, particularly in the restaurant and hospitality industries.

Tenant-Days

A measure used in property management representing the sum total of days each tenant occupies a space over a certain period.