Multiple Choice
Profit is
A) the market value of shares of stock in a company.
B) the level of expenses divided by the firm's assets.
C) what remains after business expenses are subtracted from business revenues.
D) gross revenue minus taxes a company pays.
E) gross sales minus taxes a company pays.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In economic terms, a "market" is<br>A) available
Q4: Explain the terms, "command economy" and "market
Q5: Why are sales taxes called regressive taxes?<br>A)
Q6: If two people exchange an apple, they
Q7: John has just received a rather large
Q9: The law of demand states that<br>A) producers
Q10: Examples of businesses include all of the
Q11: Which law forbids most monopolies in Canada?<br>A)
Q12: A command economy relies on a centralized
Q53: In a small town of 3,000 people,the