Gross Profit Includes

question 71

Multiple Choice

Gross profit includes:

• A) markdown
• B) both operating expenses and overhead
• C) overhead
• D) operating expenses

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Definitions:

Personality

The mix of traits and qualities that create a person’s unique personality.

Parsimonious

Describes explanations or theories that are simple and based on the fewest necessary assumptions, often preferred in scientific research for their efficiency and elegance.

Freud's Theory

Refers to the psychoanalytic theory developed by Sigmund Freud, which emphasizes unconscious processes, childhood experiences, and sexual and aggressive drives in shaping personality.

Projection

A defense mechanism in which an individual attributes their own unacceptable thoughts, feelings, or motives to another person.