Net Operating Profit Is Defined as

question 1

Multiple Choice

Net operating profit is defined as

• A)operating income minus income taxes.
• B)sales minus variable costs.
• C)contribution margin minus traceable fixed costs.
• D)segment margin minus income taxes.

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Definitions:

Serial-position Effect

A psychological phenomenon where an individual is more likely to remember the first and last items in a series better than the middle items.

Long-term Memory

A type of memory responsible for the storage of information over extended periods, anything from hours to a lifetime.

Sensory

Relating to sensation or the physical senses; transmitted or perceived by the senses.

Phonological

Pertaining to the system of sounds in a language and the rules for their combination and use.