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'Profit is not a cost'. True or false?
Suggested Answer: A
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This is true. Profit is what is left over after you've covered all your costs. In simple terms.
12 comments · newest first
MA
Malika
3 days ago
Wait, how can profit not be a cost? Sounds off.
DO
Dong
8 days ago
Totally agree, profit is the reward for risk.
GA
Gayla
13 days ago
Profit is definitely not a cost!
EV
Evan
18 days ago
I thought profit was just the leftover after costs?
HI
Hildegarde
24 days ago
False! Costs are expenses, profit is what’s left over.
DE
Destiny
29 days ago
Wait, how can profit not be a cost?
CL
Clorinda
1 month ago
Totally agree, profit is what you earn!
KE
Keneth
1 month ago
Profit is definitely not a cost.
ST
Stefania
1 month ago
I feel like I saw something about this in our textbook, where it clearly stated that profit is the result of subtracting costs from revenue. So, I think it's true.
FE
Felicitas
2 months ago
I'm a bit confused because some definitions of costs include opportunity costs, which might relate to profit. Is that what they mean?
MO
Moon
2 months ago
I remember a practice question where we discussed costs and revenues, and profit was definitely not included in costs. So I would lean towards true.
AD
Adela
2 months ago
I think profit is considered a return on investment, so it shouldn't be classified as a cost. But I'm not entirely sure.