A Business' Sales Are the Product of ________

question 5

Multiple Choice

A business' sales are the product of ________.

• A)average selling price and average margin percentage
• B)market potential and market demand
• C)market demand in units and price per unit
• D)market share and price per unit
• E)market demand in units and market share

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Definitions:

Payroll Register

A document or database that records the details of each employee's pay history, deductions, and net pay.

Employee's Earnings Record

A record maintained by an employer that tracks the earnings of an employee over time, including wages, salaries, bonuses, and other forms of compensation.

Cumulative Earnings

The total amount of net income a company has earned over time since its inception, excluding any dividends paid to shareholders.

Social Security Tax

A tax that finances the Social Security program, collected from both employers and employees, to fund retirement, disability, and survivorship benefits.