The Difference Between Sales Revenue and Cost of Goods Sold

question 15

Multiple Choice

The difference between sales revenue and cost of goods sold is

• A)sales revenue.
• B)gross profit.
• C)operating income.
• D)net income.

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Definitions:

Hit a Home Run

To achieve great success in a particular endeavor or activity, often surpassing expectations.

Cultural Intelligence

The capability to function effectively in culturally diverse settings.

Promotion

Advancement to a higher position or rank, often accompanied by increased responsibilities and benefits.

Brazil

The largest country in South America, known for its diverse culture, rainforests, and landmarks like the Amazon River and Christ the Redeemer statue.