The Measure (Ratio) That Reflects the Performance of a Manager

question 94

Multiple Choice

The measure (ratio) that reflects the performance of a manager regarding sales and cost of goods sold, but not other operating costs and income taxes, is called the:

• A) gross margin ratio.
• B) profit margin ratio.
• C) operating margin ratio.
• D) contribution margin ratio.

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Definitions:

Trade Fixture

Personal property that a tenant installs on leased premises for business purposes, which can be removed at the lease's termination.

Constructive Eviction

An eviction that occurs by the act of the landlord depriving the tenant of something of a substantial nature that was called for under the lease.

Tenants in Coverture

Refers to a legal doctrine whereby upon marriage, a woman's legal rights and obligations were subsumed by those of her husband, an outdated concept not widely practiced today.