The total amount of money that businesses earn by selling goods and services is called ________.
A) profit
B) revenue
C) loss
D) retained earnings

Question

Quizplus · Accepted Answer

Revenue is the correct answer as it refers to the total amount of money earned by a business through sales of goods and services. Profit refers to the amount of money left over after all expenses have been paid, while loss refers to the opposite where the expenses are greater than the revenue. Retained earnings are the portion of a company's profits that are kept and reinvested in the business rather than distributed as dividends to shareholders.

The Total Amount of Money That Businesses Earn by Selling