FastForward Had $3,000 of Profit for October

question 21

Multiple Choice

FastForward had $3,000 of profit for October.Total revenues were $10,000.Calculate the profit margin

• A)30%
• B)$7,000
• C)15%
• D)$1,500
• E)45%

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Definitions:

Watch

A portable timepiece designed to be worn on the wrist or carried, used to measure and display time.

Psychophysics

The scientific study of the relationship between the physical properties of stimuli and the sensations and perceptions they produce.

Signal Detection Research

A field of study that explores how decisions are made under conditions of uncertainty and the processes through which signals are distinguished from noise.

Sensation

The process by which sensory receptors and the nervous system receive and represent stimulus energies from the environment.