1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ValentinkaMS [17]
3 years ago
14

1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or serv

ice for profit is called a __________
Business
1 answer:
Anestetic [448]3 years ago
7 0

Answer:

1. Profit

2. Business

Explanation:

      Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.

        Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.

You might be interested in
After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu
Wittaler [7]

Answer: Accounting profit= $44,500

Economic Profit = $4,150

Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.

Accounting profit = Revenue - Explicit cost

<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by

Economic profit = Revenue - Explicit cost - Implicit Cost

In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.

While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.

3 0
4 years ago
Abby dies, and her good friend, clay is appointed to administer abby's estate. abby's house was in poor condition, so clay orall
antoniya [11.8K]
<span>The contractor can collect from the estate only.  The contractor and Clay made an agreement only in oral form, not in written agreement.  So, the contractor could not got after Clay.  </span>
5 0
4 years ago
Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase
kupik [55]

Answer: B. an increase in interest rates that decrease economic growth.

Explanation:

If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

7 0
3 years ago
Which is the new crime created by Sarbanes-Oxley? a. mail fraud b. obstruction of justice c. certification of false financial st
meriva

Answer:

The correct answer is letter "C": certification of false financial statements.

Explanation:

The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.

<em>Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.</em>

3 0
3 years ago
Sloane tells eden that brad is a horrible son to his mother. brad sues for defamation even though he suffered no injury. brad wi
cricket20 [7]

"Defamation of character"

Is a catch-all term for any statement that hurts someone's reputation. Written defamation is called "libel," while spoken defamation is called "slander." Because written statements last longer than spoken statements, most courts, juries, and insurance companies consider libel more harmful than slander.

Defamation is not a crime in most states, but it is a "tort" (a civil wrong, rather than a criminal wrong). The person who has been defamed (the "plaintiff") can sue the person who did the defaming (the "defendant") for damages.

Defamation law tries to balance competing interests: On the one hand, someone shouldn't be able to ruin your life by telling lies about you; on the other hand, people should be able to speak freely without fear of litigation over every insult, disagreement, or mistake. Political and social debate is important in a free society, and we obviously don't all share the same opinions or beliefs. For example, political opponents often reach opposite conclusions from the same facts, and editorial cartoonists often exaggerate facts to make their point.

How Do You Prove Defamation?

Defamation happens when a person makes a false statement—verbally or in writing—about someone else that damages that person's reputation. Defamation laws vary from state to state, but the basic principles of defamation law are the same in every state.

A plaintiff suing for defamation typically must show:

  • The defendant published a statement about the plaintiff.
  • The statement was false.
  • The statement was injurious, and
  • The statement was unprivileged. .

Defenses to Defamation Lawsuits :

Defamation claims are complicated and hard to prove because defamation laws have to strike a balance between allowing people to protect their reputations and allowing the free exchange of information, ideas, and opinions.

You can defend yourself against a defamation lawsuit if the statement you made was:

  • true
  • an opinion
  • privileged  or
  • retracted.

Learn more about Defamation :

brainly.com/question/14634806

#SPJ4

5 0
2 years ago
Other questions:
  • On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens
    14·1 answer
  • Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes cach year. Country A has 200 workers. Suppose a w
    14·1 answer
  • The economy is initially in short-run equilibrium when incomes taxes decline and productivity rises. If the change in aggregate
    14·2 answers
  • True or false the texas legislature is classified as highly professional, the highest level of institutionalization.
    15·1 answer
  • F a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue?
    12·2 answers
  • in its first month of operations, Waterway Industries made three purchases of merchandise in the following sequence: (1) 370 uni
    11·1 answer
  • Nguyen's Sporting Goods is having difficulty obtaining the credit it needs to expand. What should the company do in order to all
    11·1 answer
  • Match the Activity Level with the proper definition. a. Activities performed for each unit of production b. Activities performed
    8·1 answer
  • Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you
    7·2 answers
  • Which law signed by president george w. bush, allowed for more economic freedom amongst different kinds of businesses on the 401
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!