Holding All Other Variables Constant, an Increase in COGS Will

question 32

Multiple Choice

Holding all other variables constant, an increase in COGS will lead to:

• A)a decreased cost ratio.
• B)a higher gross margin.
• C)lower net income.
• D)paying more in taxes.

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Definitions:

Chromosomes

Long strands of DNA wound around proteins, located in the cell nucleus, carrying genetic information.

Genotype

Genetic makeup of an individual.

Phenotype

Characteristic observed in an individual due to the expression of his or her genotype.

Progeria

Severe retardation of growth after the first year accompanied by a senile appearance and death at an early age.