BUS 101 Exam1 questions with correct answers 2026/2027 Edition Graded A+ P= R-C Profits = Revenue - Cost Profit total revenue - total cost money left after all costs are paid Revenue

BUS 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS

, BUS 101 Exam1 questions with correct
answers 2026/2027 Edition Graded A+

P= R-C
Profits = Revenue - Cost
Profit
total revenue - total cost
money left after all costs are paid
Revenue
The money a company receives by providing services or selling goods
to customers.
Cost
The money spent by a business on goods and services.
internal environment
the events and trends inside an organization that affect management,
employees, and organizational culture
examples of internal environment
entrepreneurs, managers, workers, customers, equipment, human
capital
External Environment
everything outside an organization's boundaries that might affect it
examples of external environment