Which of the Following Is True About Gross Profit (Gross

question 25

Multiple Choice

Which of the following is true about gross profit (gross margin) ?

• A)It is net sales minus operating expenses.
• B)It is net sales minus cost of goods sold.
• C)It is the same as income from continuing operations.
• D)It is net sales minus cost of goods sold and operating expenses.

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Definitions:

Order-Taker

An individual in sales who primarily takes orders from customers rather than actively selling or persuading them.

Annual Sales Volume

The total quantity of sales or services sold by a company in one fiscal year.

Sales Manager

A professional responsible for directing and overseeing a company's sales team, focusing on meeting sales targets and developing selling strategies.

Length of Experience

The duration or amount of time someone has been engaged in a particular activity or profession.