In business, the "bottom line" refers to the very last line of a(n):
A. income statement, which shows total revenue.
B. balance sheet, which shows profit.
C. balance sheet, which shows total income.
D. income statement, which shows profit.
Answer: D
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There were a huge number of bank failures between
A. 1930 and 1933. B. 1933 and 1936. C. 1936 and 1939. D. 1939 and 1942.
When the inflation rate rises, the purchasing power of nominal income:
a. remains unchanged. b. decreases. c. increases. d. changes by the inflation rate minus one.
When taxes are decreased, disposable income increases even though GDP is unchanged
a. True b. False Indicate whether the statement is true or false
An increase in the supply of labor has the effect of decreasing the
a. wage. b. marginal product of labor. c. value of the marginal product of labor. d. All of the above are correct.