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Profit/Loss Flashcards | StudBud
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Profit/Loss
The abbreviation CP means
A profit is
Profit/Loss
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Answers
1
A profit is
losing more than you spend
making more than you spend
the cost of making a good or service
2
The abbreviation CP means
sell profit
college prep
cost profit
3
Alizabeth's has advertised to promote her salon. She has enough money to pay for more employees. This is a loss.
False
True
4
Uzziah's Lawn Care service doesn't make enough to pay for his employees. His business is profiting.
False
True
5
Tre'Veon, Demetrius and Tremaine have sold out of supplies in their store. They are very low on popular items.
Their items are in demand
This is a service
Their items are at a loss
6
Loss means
a business is making money
a business has more expensives than profit
the cost of making a good or service
7
An expense is
losing money not gaining
making more than you spend
the cost of making a good or service
8
Walmart has many people shopping. They are able to pay for daily expenses of running WM and is making a profit.
True
False
9
The abbreviation P means profit.
False
True
10
Alexis earned enough money from her counseling service that she bought a brand new car. Her business is profiting.
True
False
