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Match Each Term with Its Definition

question 88

Multiple Choice

Match each term with its definition.
-Behaviors such as displaying tact,diplomacy,courtesy,respect,and dignity are the utmost important skills of a medical assistant,demonstrating responsibility in all aspects of the job and promoting integrity and honesty


Definitions:

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, representing the percentage of each dollar of revenue that the company retains as gross profit.

Traditional Format

A conventional method of financial reporting where costs are classified by function (e.g., cost of goods sold, operating expenses) rather than by behavior.

Gross Margin

The difference between sales revenue and the cost of goods sold, showing the profitability of a company's core activities.

Net Operating Income

represents the profit a company makes from its normal business operations, excluding non-operating income and expenses.

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