Multiple Choice Question (MCQ)
Question: Which of the following is the BEST definition of profit?
A.
The total amount of money a business makes from selling goods or services.
B.
The money a business owner spends on personal expenses.
C.
The revenue or earnings which remain with the business owner, after all the costs are paid.
D.
The total amount of money a business earns before paying taxes.
Correct Answer: The revenue or earnings which remain with the business owner, after all the costs are paid.