OPERATING PROFIT Definition

Bookmark and Share

OPERATING PROFIT is Gross Profit minus Operating Expenses.

Learn new Accounting Terms

INHERENT LIMITATION is whether the potential effectiveness of an entity's internal control is subject to inherent limitations, e.g., human fallibility, collusion, and management override.

INDUCEMENT is a reward for a specific behavior, designed to encourage that behavior; also called incentive. To provide the first months rent free would be a "lease inducement".

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.