Gross Profit Includes

question 71

Multiple Choice

Gross profit includes:

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

---

Definitions:

Constitutional Privilege

A right or immunity granted under a constitution that protects individuals or entities from certain actions by the state or other individuals.

Absolute Privilege

A legal immunity that protects certain individuals, such as lawmakers or judges, from lawsuit for statements made or actions taken in the course of their official duties.

False Light

A privacy tort law that involves portraying someone in a misleading way that falsely represents their character, beliefs, or actions.

Objectionable

Something that is offensive or arousing disapproval and opposition.