Psychology is both an academic and applied discipline involving the scientific study of mental processes and behavior. Psychologists study such phenomena as perception, cognition, emotion, personality, behavior, and interpersonal relationships. Psychology also refers to the application of such knowledge to various spheres of human activity, including issues related to daily lifeâe.g.
What is the amount a business earns over and above what it spends for salaries and other expenses. Answer. Profit is the term used to describe the amount a business is left after expenses such as wages, rent, materials, etc.
âNet incomeâ is the phrase commonly used to refer to a companyâs âprofit.â It represents how much money the company has left over, if any, after itâs paid the costs of doing business â payroll, raw materials, taxes, interest on loans, etc.. The real issue is what goes into that income number. There are many flavors: âincome from continuing operations,â for example, includes profits made this year from the same businesses, plans, and services that were around a year ago.