Examlex
A ____ is a nonprocedural language suitable for developing software that mimics human intelligence.
Gross Margin
The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage. It represents the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold.
Variable Selling Expense
Costs that vary directly with the volume of sales, such as commissions, shipping charges, and promotional expenses.
Cost of Goods Sold
The financial outlays directly associated with the production of a company's sold merchandise.
Variable Administrative Expense
Expenses that vary in direct proportion to changes in an organization's activity level, such as sales commissions.
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