When a business brings in less money than it needs to cover expenses, it incurs a _________.
A)deferral
B)loss
C)depreciation
D)tax cut

Name: When a business brings in less money than it needs to cover expenses, it incurs a _________. A)deferral B)loss C)depreciation D)tax cut
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Question

Quizplus · Accepted Answer

A loss occurs when a business's expenses exceed its revenue, resulting in a negative net income. This can happen for a variety of reasons, such as low sales, high costs, or a combination of both.

When a Business Brings in Less Money Than It Needs