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  • Cost of production refers to the … incurred by a business to produce a specific quantity of a product or offer a service. #91
  • … does not include things such as labor, raw materials, or consumable supplies. #92
  • There is only one type of … that businesses may incur in the course of manufacturing a product or offering a service. #93
  • … encompasses only variable fixed costs. #94
  • The … refers to the total cost of production multiply by the number of units produced. #95
  • … is the value remaining after a company’s expenses have not been paid. #96
  • … is the value that remains after the cost of sales, or cost of goods sold (COGS), has been deducted from sales revenue. #97
  • …, also called Earnings Before Interest and Taxes (EBIT), is the value that remains after all operating expenses have been deducted from revenue. #98
  • Cash flow and … are both important metrics when evaluating a company’s performance, and each has its pros and cons as a metric. #99
  • Unlike the owners of a..., however, a sole trader is personally liable for their business’s debts. #100
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