Q.12. Profits do not have to be shared. This statement refers to: A. Partnership B. Sole proprietorship C. Company D. Corporates. Select one
Q.12. Profits do not have to be shared. This statement refers to:
A. Partnership
B. Sole proprietorship
C. Company
D. Corporates.
Select one
The term "profit" refers to the monetary gain realized when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise. The proprietors of the business get any profits made and have the option of keeping them for personal use, paying dividends to shareholders, or reinvesting them back into the business. Profit is the amount that a company keeps after all expenses have been paid. Whether it's a tiny lemonade stand or a publicly traded global organization, the basic goal of every business is to make money. As a result, a company's success is determined by its profitability overall. Some analysts prefer profitability before taxes and other costs to top-line profitability.
Step by step
Solved in 2 steps
