Examlex
Which of the following is an example of an operational definition?
Gross Margin Ratio
A financial metric that measures the difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
Net Sales
The residual income from sales once deductions for returns, allowances for impaired or absent merchandise, and markdowns are made.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and due dates.
Invoice
A document issued by a seller to a buyer that lists the products or services sold, their quantities, and the prices charged.
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