An entity that seeks to earn a profit by providing a good or service is known as a(n)
A. industry.
B. corporation.
C. business.
D. service.
________ is the amount a business earns after deducting what it spends for salaries and other expenses.
A. Profit
B. Revenue
C. Interest
Dividends
A business incurs a ________ if its costs and expenses exceed its revenues.
A. loss
B. liability
C. debit
D. dividend
________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.
A. Depreciation
B. Risk
C. Fallibility
D. Redundancy