A Merchandiser Will Have Profit from Operations of Exactly $0

question 83

Multiple Choice

A merchandiser will have profit from operations of exactly $0 when

• A)net sales equals cost of goods sold.
• B)cost of goods sold equals gross profit.
• C)operating expenses equal net sales.
• D)gross profit equals operating expenses.

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Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money.

Total Output

The total quantity of goods and services produced in an economy over a specified period.

Labor Force

The total number of people who are employed or actively seeking employment in an economy.

Union Membership

Individuals who belong to a union, an organization formed for the purpose of representing its members' interests in various employment matters.