When a firm's sales revenues are greater than its expenses, the firm has a
A) profit.
B) loss.
C) positive cash flow.
D) financial resource.
E) factor of production.

Name: When a firm's sales revenues are greater than its expenses, the firm has a A) profit. B) loss. C) positive cash flow. D) financial resource. E) factor of production.
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Question

Quizplus · Accepted Answer

When a firm's sales revenues are greater than its expenses, it has made a profit. Profit is defined as the excess revenue over expenses.

When a Firm's Sales Revenues Are Greater Than Its Expenses