A Decline in a Company's Gross Profit Could Be Caused

question 75

Multiple Choice

A decline in a company's gross profit could be caused by all of the following except

• A)selling products with a lower markup.
• B)clearance of discontinued inventory.
• C)paying lower prices to its suppliers.
• D)increased competition resulting in lower selling prices.

---

Definitions:

Self-fulfilling Prophecy

A belief or expectation that causes itself to become true due to positive feedback between belief and behavior.

Halo Effect

A cognitive bias where the perception of one positive characteristic of a person or thing influences the overall perception of that entity in a disproportionately positive way.

Primacy Effect

Refers to the tendency for the first items presented in a series to be remembered more easily or to be more influential than subsequent items.

Interviewers

Individuals who conduct interviews, asking questions to evaluate the qualifications and suitability of candidates for a position or purpose.