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Question
question 4
higher revenue does not always mean higher profit because...
costs must also be controlled
assets are unrelated
taxes decrease revenue
revenue always equals profit
profits only apply to corporations
Profit is calculated as revenue minus costs. So, even if revenue is high, if costs are also high, profit may not increase. Assets are not directly related to the relationship between revenue and profit. Taxes are a part of cost - like elements but the key factor is overall cost control. Revenue and profit are not the same, and profits are not exclusive to corporations.
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Costs must also be controlled