A Financial Indicator Used to Compare the Change in Sales

question 313

Multiple Choice

A financial indicator used to compare the change in sales of stores that have been open for the same period of time is referred to as

• A) return on investment.
• B) percentage of markup.
• C) gross profit.
• D) sales per square foot.
• E) same-store sales growth.

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Definitions:

Fixed Units of Measurement

This refers to using consistent and unchanging units when measuring variables or quantities in research, experiments, or any form of data collection.

Ratios

Expresses the quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Univariate Data

Data consisting of observations on only a single characteristic or attribute.

Single Variable

Pertaining to equations, functions, and data that involve only one variable and do not require the interaction or relationship with any other variables for their resolution.