Question

__________ is the amount a business earns over and above what it spends for salaries and other expenses.

Answer 1

The answer seems to be “profit”.

Answer 2

Profits

Step-by-step explanation:

All businesses are established with a motive to make profits. The reward a business earns for engaging in economic activities is its profits. In determining if a business has been profitable, total expenses are compared with the total revenue. If the revenue exceeds the net expenses, the business has made profits.

To increase the chance of making profits, managers use their skills and experiences to increase revenues while keeping the expenses low. Increasing revenue involves generating more income streams and increasing sales volume. Minimizing expenses include cost-cutting measures such as waste reduction.