If You Use a Check to Purchase a Textbook,the Check

question 163

Multiple Choice

If you use a check to purchase a textbook,the check is

• A) the unit of value
• B) the means of payment
• C) the means of payment and the unit of value
• D) outside the monetary system
• E) worth less than an equivalent amount of currency

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Definitions:

Profit Margin

The percentage of revenue remaining after all expenses, taxes, and costs have been deducted from total sales.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit by the cost of the investment.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Profit Centers

Segments or areas within an organization that are responsible for generating their own revenues and profits.