Which of the following describes the right to profit?
A)Owner is legally guaranteed the right to all profits (after taxes)that are earned by a business
B)Right to such profits without any form of deduction
C)Government will guarantee a profit
D)Firm has to earn only profits

Question

Quizplus · Accepted Answer

The right to profit means that the owner is entitled to all profits (after taxes) generated by the business. This is a fundamental principle of business ownership, where after fulfilling all financial obligations including taxes, the remaining profit belongs to the business owner(s). Choices B, C, and D do not accurately describe the right to profit as they either suggest unrealistic guarantees or misinterpret the nature of business operations.

Which of the Following Describes the Right to Profit