Assume the Following Cost of Goods Sold Data for a Company

question 71

Multiple Choice

Assume the following cost of goods sold data for a company: If 2010 is the base year, what is the percentage increase in cost of goods sold from 2010 to 2012?

• A)150%
• B)50%
• C)67%
• D)33%

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Definitions:

Observational Market Research

A method of market research where behaviors, actions, or events are watched and recorded without intervention from the researcher.

GPS Receivers

Devices that capture signals from satellites in the Global Positioning System to determine the device's precise location on Earth.

Ethnographic Research

A qualitative research method involving the systematic study of people and cultures from an insider's perspective.

Social Media Tools

Technologies or platforms that facilitate the creation, sharing, and exchange of information and ideas in virtual communities and networks.