If, Over a Three-Year Period, Sales Increased by 30%, and Cost

question 37

Multiple Choice

If, over a three-year period, sales increased by 30%, and cost of goods sold increased by 45%,

• A)the sales trend is unfavourable, but the cost of goods sold trend is favourable.
• B)the sales trend is favourable, but the cost of goods sold trend is unfavourable.
• C)both trends are favourable.
• D)both trends are unfavourable.

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Definitions:

Knowledge

Information, understanding, or skill that one gets through experience or education.

Culture

The shared norms, values, beliefs, and practices that influence the behavior of groups of people, shaping their societal norms and interactions.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, typically a percentage added to the total sale price.