The Amount That a Firm Receives from the Sale of Goods

question 93

Multiple Choice

The amount that a firm receives from the sale of goods and services is:

• A) total profit.
• B) total revenue.
• C) total cost.
• D) total benefit.

---

Definitions:

Inducement

An offer or promise made to persuade or influence a person to act in a certain way, often used in contracts and employment agreements.

Void Agreement

A contract or agreement that is legally unenforceable from the outset due to an inherent issue, such as illegality or lack of capacity.

Duress

Illegal pressure exerted upon a person to coerce them into an action against their will or judgment.

Fraud in the Execution

A situation where a person is deceived into signing a contract or document not knowing its true nature or essence, leading to an invalid contract.