The total amount of money that businesses take in by selling goods and services is called ________.
A) profit
B) revenue
C) loss
D) retained earnings

Question

Quizplus · Accepted Answer

Revenue refers to the total amount of money earned by a business from sales of goods or services, before deducting any expenses. Profit is the amount of money a business makes after deducting all expenses from its revenue. Loss refers to negative profit, where the expenses exceed the revenue. Retained earnings refer to profits that a business has kept and not distributed as dividends to its shareholders.

The Total Amount of Money That Businesses Take in by Selling