An Increase in a Company's Gross Profit Margin Indicates That

question 16

Multiple Choice

An increase in a company's gross profit margin indicates that the company

• A) has increased sales volume.
• B) has increased selling prices.
• C) has decreased its cost of goods sold.
• D) potentially any of the above could have occurred.

---

Definitions:

Approved Standards

Refers to formal guidelines or specifications that have been validated by an authoritative body or consensus for repeated use.

Unethical Behavior

Not conforming to a set of approved standards of behavior— cheating on an exam, for example.

Ethical Principles

Fundamental guidelines that dictate behavior, ensuring actions and decisions are morally right and benefit both individuals and society as a whole.

Personal Ethics

The set of formal or informal ethical principles that an individual uses to guide their ethical decisions.