Match the Terms with the Descriptions Provided

question 1

Multiple Choice

Match the terms with the descriptions provided.
-For a given level of sales, the higher the cost of goods sold, the lower this measure.

• A)Average days to sell inventory
• B)Gross margin
• C)Gross profit ratio
• D)Inventory turnover ratio
• E)Freight-in
• F)Freight-out

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Definitions:

Proximity

The physical or psychological closeness between people, often influencing attraction and relationships.

Propinquity

The phenomenon wherein people are more likely to form friendships or relationships with those who are geographically close or frequently encountered.

Positively Correlated

A relationship between two variables in which both variables move in the same direction.

Proximity

The physical closeness between people which can influence attraction and relationship formation.