[Solved] Which of the following is a correct interpretation of a proﬁt margin of 0.20? A) For each $1 of sales the ﬁrm earns twenty cents in net income. B) For each $1 of sales the ﬁrm earns twenty cents before operating expenses. C) For each $1 of sales, $2 fall to the bottom line. D) It takes sales of $1 to generate $20 in net proﬁt after taxes. E) It takes twenty cents in sales to generate $1 in proﬁt. Categories: In Aristotle's philosophy, a way of classifying the world that includes ten distinct types such as substance, quantity, quality, and relation. Mental Representations: Internal cognitive symbols, structures, or maps of the world that individuals use to understand and interact with their environment. Subordinate-level: A specific, detailed level within a categorization hierarchy, often denoting a particular member of a larger group. Basic-level: Refers to the most natural and preferred categorical level at which people classify and label objects, which balances specificity and generalization.