Tell Whether the Statement Is True or False

question 21

Multiple Choice

Tell whether the statement is true or false. If false, give the reason.
-{54, 55, 54, 55} = {54, 55}

• A) False; the elements cannot be repeated.
• B) False; the elements are not equal.
• C) True
• D) False; there must be the same number of elements.

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Definitions:

Merchandising Company

A business that purchases goods in a finished condition for the purpose of resale without further manufacturing.

Investment Revenue

Income generated from investing financial assets, including dividends, interest, and capital gains.

Gross Profit

The financial metric determined by subtracting the cost of goods sold from revenue, representing the profit a company makes after accounting for the costs directly associated with production.

Gross Profit

The amount remaining from sales revenue after subtracting the cost of products sold, prior to removing expenses for overhead, wages, taxes, and interest.