Which of the following is the best definition of "profit?"
A)Total money taken in by a corporation
B)Increases in income from year to year
C)Increases in a corporation's stock price
D)Revenue generated by goods and services
E)Difference between revenues and expenses

Question

Quizplus · Accepted Answer

Profit is defined as the difference between revenues and expenses, representing the financial gain achieved when the revenue from business activities exceeds the costs involved in operating the business.

Which of the Following Is the Best Definition of "Profit