What term refers to an account of income and expenses for a set period?
A. Budget
B. Base salary
C. Productivity
D. Revenue
A. Budget
The term that refers to an account of income and expenses for a set period is called "Revenue." To arrive at this answer, we should first understand the definitions of the other options:
A. Budget: A budget is a financial plan that outlines the expected income and expenses over a particular period. While it is related to income and expenses, it does not specifically refer to the account of income and expenses for a specific period.
B. Base Salary: Base salary generally pertains to the fixed amount of money that an employee receives before any additional bonuses, commissions, or deductions related to their compensation package. It does not relate to the account of income and expenses.
C. Productivity: Productivity refers to the measure of the efficiency of production, which signifies the ratio of output to input. While productivity can impact income and expenses, it does not directly relate to the account of income and expenses.
D. Revenue: Revenue refers to the total income earned by a business or an individual during a particular period from sales, services rendered, or other business activities. It takes into account all the incoming money before deducting any expenses. Hence, revenue is the correct answer in this case.
To select the correct option, we have to identify the term that specifically relates to income and expenses for a particular period. In this case, the answer is D. Revenue.