What is meant by "to earn a profit"?

Question

Quizplus · Accepted Answer

Earning a profit means that the amount of money received from selling goods or services exceeds the costs incurred in producing and delivering them. The profit is the amount of money that remains after all expenses, such as overhead, taxes, and wages, have been paid. Therefore, choice C is the correct answer as it correctly defines earning a profit. Choices A and B are incorrect because they refer to managing accounts receivable and accounts payable, respectively, which are not equivalent to earning a profit. Choice D is also incorrect because maximizing the cost of money is not the same as earning a profit.

What Is Meant by "To Earn a Profit