If TRX Inc's Sales Total $150 Million,and the Cost of Goods

question 2

Multiple Choice

If TRX Inc's sales total $150 million,and the cost of goods sold is $50 million,calculate the percent gross profit for TRX.

• A)33.3%
• B)25%
• C)66.6%
• D)15%
• E)75%

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Definitions:

Influenced

Being affected or changed in behavior, attitude, or other aspects due to the impact of external factors.

Situational Attribution

The process of inferring that a person's behavior is due to situational factors.

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or character rather than to external factors.

Stanley Milgram's Obedience Research

A series of social psychology experiments conducted in the 1960s which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.