Gross Margin Is Equal to Net Cost of Goods Sold

question 81

True/False

Gross margin is equal to net cost of goods sold minus net sales.

---

Definitions:

Transactional Approach

A leadership model focusing on the exchanges or transactions between leaders and followers, often involving rewards for performance.

Democratic

A leadership or government style characterized by the principle of making decisions by majority vote, often emphasizing equality and participation.

Participative

A management approach that involves employees in decision making processes, aiming to increase engagement, commitment, and collaboration.

Leadership

The ability to guide, inspire, and influence others to achieve a goal or follow a certain direction.