Profit: Anything above cost and expense. Mc Donald, DQ, burger king. They have many stores but all their money goes to the company not to the store.
Non-profit: not issue stock shares or distribute its surplus funds to owners. Alberta ballet, They dont issue stocks or shares.
Different between non profit and not for profit is that, not for profit is a business and their goal is to not make money. Not for profit is more funds for the owners
What is the connection between profit, costs, and expenses?
Anything above cost and expense is a profit. if i bought a $30 hat and sold it to a person for $35 i have just made a $5 profit
What are the positive and negative ethical, moral and legal considerations when considering alternative energy sources over oil?
Ethical: minimal harm to or exploitation of humans, animals and/or the natural environment
Moral: capacity to recognize another person as a living breathing human being
Legal: All projects no matter what their size will have to deal with the legal issues identified
below.
Founded
Name and describe a game that simulates an economic system by trading in virtual goods?
Game of life. Because in the game of life you end up picking which path you want to take in life. You can either trade goods or keep it and it all depends on your life.
