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Earn +20 ptsQ: What occurs when expenses are greater than revenue?
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When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
Why a budget line sloping downward?
Because the expenses are greater than the income.
What is the relationship between income and expenses before a break-even point is reached?
Before the break even point, total expenses exceed total income and there is a loss made.
What occurs when the interaction and outcome of team members is greater than the sum of their individual efforts?
Synergy
Is 2 miles less than or greater than 10500 feet?
greater than
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