At Apple Computers, the financial department considers the profit earned at the end of the day as:
A)the money earned as long as the economic order quantity is maintained.
B)the money left over after a firm's total expenses are subtracted from its total revenues.
C)the point at which company assets equal company liabilities.
D)the goodwill earned from implementing the societal marketing concept.

Question

Quizplus · Accepted Answer

Profit is the money left over after a firm's total expenses are subtracted from its total revenues. It is a measure of the financial performance of a business, indicating whether the company is generating revenue at a level that is higher than its costs of doing business.

At Apple Computers, the Financial Department Considers the Profit Earned