QuestionJune 14, 2025

Question 21 Profit An agreement between a buyer and seller. Direct exchange of one good or service for another. TrueMoney earned by a business after subtracting its costs of operation.

Question 21 Profit An agreement between a buyer and seller. Direct exchange of one good or service for another. TrueMoney earned by a business after subtracting its costs of operation.
Question 21
Profit
An agreement between a buyer and seller.
Direct exchange of one good or service for another.
TrueMoney earned by a business after subtracting its costs of operation.

Solution
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Answer

True Explanation 1. Identify the definition of profit Profit is defined as the money earned by a business after subtracting its costs of operation.

Explanation

1. Identify the definition of profit<br /> Profit is defined as the money earned by a business after subtracting its costs of operation.
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