Net Sales Minus Cost of Goods Sold Is Called Gross

question 157

True/False

Net sales minus cost of goods sold is called gross profit.

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Definitions:

IT Platform

A combination of hardware and software resources that enables the delivery of computing services, applications, or solutions.

IT Components

The physical and virtual elements that make up the information technology infrastructure, such as hardware, software, and networks.

IT Infrastructure

The composite hardware, software, network resources, and services required for the existence, operation, and management of an enterprise's IT environment.

Drones

Unmanned aerial vehicles (UAVs) controlled remotely or autonomously, used for various purposes including reconnaissance, photography, and delivery services.