Which of the Following Statements Is Incorrect

question 54

Multiple Choice

Which of the following statements is incorrect?

• A) If selling and administrative expenses as a percentage of sales increases, then gross profit percentage will decrease.
• B) If the cost of goods sold percentage decreases and other expenses do not change, then profit margin will increase as a percentage of sales.
• C)If sales dollars decrease, a company might still report a higher gross profit percentage if cost of goods sold decreases at a faster rate than the decrease in sales.
• D)It is possible that when selling and administrative expense in dollars decrease, selling and administrative expenses as a percentage of sales will increase.

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Definitions:

Collective Unconscious

A term coined by Carl Jung referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Levels of Awareness

The different stages or degrees of consciousness in which an individual has varying accessibility to thoughts, feelings, and perceptions.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience, shared among beings of the same species.

Latent Memory Traces

Nonconscious memories that, while not presently accessible, can influence behavior and thought processes.