The U.S.government Is

question 205

Multiple Choice

The U.S.government is:

• A) not a business market segment
• B) the world's largest single customer
• C) an organization accounting for over 50 percent of the U.S.gross national product
• D) mainly a military equipment purchaser
• E) using one centralized purchasing office for the entire government

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Definitions:

Total Expense

The sum of all costs and expenses associated with the operations of a business.

Level Of Activity

A measure of the amount of output or work performed, often used in accounting to allocate fixed costs or in operational planning.

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core business activities.