If a Company Has Net Sales of $500,000 and Cost

question 75

Multiple Choice

If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit margin is

• A)15%.
• B)30%.
• C)70%.
• D)100%.

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Definitions:

Type I Punishment

A method of behavior modification that involves the application of an aversive stimulus following an unwanted behavior, aimed at decreasing the frequency of that behavior.

Type II Punishment

A form of punishment where a positive stimulus is removed following undesirable behavior to decrease the likelihood of that behavior occurring again.

Positive Reinforcer

A stimulus or event that increases the likelihood of a behavior being repeated when it is presented following that behavior.

Information Flow

The movement and exchange of information within and between organizations, systems, or processes.