The difference between the value that an activity generates and the cost of the activity is called the ________.
A) margin
B) turnover
C) revenue
D) profit
E) quick ratio

Question

Quizplus · Accepted Answer

Margin represents the difference between the value generated by an activity and its cost. Revenue refers to the total income generated from the sale of goods or services, turnover refers to the rate at which inventory or assets are sold and replenished, profit refers to the amount left over after expenses are subtracted from revenue, and quick ratio is a measure of a company's liquidity.

The Difference Between the Value That an Activity Generates and the Cost