A business incurs a __________ if its expenses are more than its revenues.
A) Loss
B) Liability
C) Debt
D) Dividend

Question

Quizplus · Accepted Answer

A loss occurs when a business's expenses exceed its revenues. This means that the business is not generating enough revenue to cover its costs, resulting in a negative financial outcome. Liabilities and debt are types of financial obligations, while dividends are payments made to shareholders as a return on their investment, which is unrelated to a business incurring losses.

A Business Incurs a __________ If Its Expenses Are More