Which of the Following Expressions Is incorrect

question 18

Multiple Choice

Which of the following expressions is incorrect?

• A)Gross profit - Operating expenses = Net income
• B)Sales revenue - Cost of goods sold - Operating expenses = Net income
• C)Net income + Operating expenses = Gross profit
• D)Operating expenses - Cost of goods sold = Gross profit

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Definitions:

Issue Development

The process by which concerns or problems are identified, defined, and evolved for discussion or resolution.

Double-Edged Effect

A situation or strategy that has both positive and negative outcomes or implications.

Overconfidence

A cognitive bias where a person's subjective confidence in their judgments is greater than the objective accuracy of those judgments.

Fundamental Attribution Error

The fundamental attribution error is the tendency to overemphasize personal characteristics and underestimate situational influences when explaining someone else's behavior.