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Exam (elaborations)
BA105 Exam Questions with All Correct Answers
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5
March 2024
2023/2024
A+
revenue - Answer-incoming money
Expenses - Answer-the costs of operating a business
profit - Answer-The financial gain made in a transaction
Calculating Gross Profit - Answer-net sales - cost of goods sold
Calculating Net Income - Answer-Revenues - Expenses
Good vs. Service economy - Answer-economies shift over time from goods to services,
we are more of a service world
Marketing - Answer-works to identify and satisfy customers' needs.
managment - Answer-planning, organizing, staffing,...
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