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.
DEFINITION of 'Business Expenses' Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income. Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income. BREAKING DOWN 'Business Expenses' Although it is not necessary to include receipts for business expenses when you file your tax return, many tax preparers will ask for detailed, itemized copies of your expenses before they will submit the return.