A Merchandiser Will Earn an Operating Income of Exactly $0

question 130

Multiple Choice

A merchandiser will earn an operating income of exactly $0 when

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

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Definitions:

Systematic Extermination

The deliberate and methodical elimination of a particular group of people or animals, often carried out as a policy or strategy.

Genocide

The deliberate and systematic extermination of a national, racial, political, or cultural group.

Internal Colonialism

The economic and political subjugation of the minority group by the dominant group within a nation.

Minority Group

A category of people who experience relative disadvantage as compared to members of a dominant social group, often marked by racial, religious, ethnic, or gender distinctions.