Total profit
A)is the difference between sales revenue and costs.
B)maximization is always the goal of every firm.
C)is always defined the same by both economists and accountants.
D)is maximized when sales are maximized.

Question

Quizplus · Accepted Answer

Total profit is the difference between sales revenue and costs. Maximization may not always be the goal of every firm, and the definition of total profit may differ between economists and accountants. Sales maximization may not necessarily lead to maximum profit.

Total Profit