The correct answer is 1, profit equals the total amount of money made minus the production cost.
In financial terms, you have a profit when the amount of revenue gained from a business interaction surpasses its expenses as well as cost and taxes.
The calculation of profit is total revenue minus total expenses.
In the financial income statement of a company, accounting people take in consideration three kinds of profits: gross profit, net profit, and operating profit.
In the United States, where there is no direct democracy at the federal level, more than half of the states (and many municipalities) allow citizens to vote on initiatives, and the vast majority of states have mechanisms to promote initiatives or referendums. There are also community meetings (town meetings) and various institutions at the municipal level where citizens can interact with those responsible for administration in decision-making. The disadvantages of the initiatives is that any citizen could present it at any time and it should be analyzed and taken into account, which could take a long time.
Referendums are elections in which voters do not elect representatives but participate in taking direct participation on some important issue of the country. As advantages, it is highlighted that the Referendum can be used to solve problems of a political nature, or the improvement of the governmental image, when it is too deteriorated in front of the popular collective. Another aspect that touches a possible disadvantage, has to do with the circumstance that can be used as a strategy or political weapon to satisfy political interests or ambitions of power. It has also been argued that this figure has a meaning called "zero sum", that is, where the majority wins everything and the minority loses everything, originating a tyranny of majorities, that have answered one or several questions about a specific issue and that in the case at hand, has to do with the end of the armed conflict, questions that are closed and must be answered with the yes or no.
Revocation of mandate, revocation of mandate or recall referendum (in English, recall election), is a procedure by which citizens can cease their public office to an elected official, before the end of their respective period, by direct vote or by collection of signatures, depending on the geographic or population dimensions. Those who propose a revocation mechanism argue that these have a disciplinary effect on elected officials, in which elected representatives will make fewer unpopular decisions if this may cause them to be more likely to be subject to a recall campaign. However, the same argument is also used against the recall: opponents argue that the recall completely undermines representative government as it causes elected officials fear to make unpopular but necessary decisions. Another argument in favor of direct democracy is that it provides voters with a continuous opportunity to make a democratic decision about who governs them, since they not only have the opportunity to elect the people who represent them every two to six years, but also to maintain a degree of control over the decision of its duration in the position. However, its opponents maintain that the mechanism of revocation could be used irresponsibly, and that this could be used by the political parties as a political weapon against the rival of the holders. The assertion that the revocation mechanism is being used as a political instrument was made by many Democrats against activists of Republican parties in connection with the recall in California in 2003.
Native American were negatively affected by the Land Ordinance of 1785 because the Confederation Congress was claiming the land belong to the Unites States while Native Americans did not accept the claims. Several negotiations were made between the two while the Confederation Congress issued the Ordinance of 1784. The setters allow purchasing land in the West for farmland.
