The approach where profit is measured as the revenue from operations minus expenses from operations is known as:
A) the all-inclusive approach
B) the operating-profit approach
C) the comprehensive income approach
D) the working profit approach

Question

Quizplus · Accepted Answer

The approach where profit is measured as the revenue from operations minus expenses from operations is known as the operating-profit approach. The other options are either incorrect or not relevant to the given context.

The Approach Where Profit Is Measured as the Revenue from Operations