Which of the Following Statements Does Not Describe Gross Margin

question 70

Multiple Choice

Which of the following statements does not describe gross margin?

• A) It can be expressed as a percentage of net sales.
• B) It is the profit on the goods sold excluding the operating expenses.
• C) It is also referred to as gross profit.
• D) It is a performance measurement.
• E) It is a measure of return on assets.

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Definitions:

2G

The second generation of cellular network technology, characterized by digital encryption and the introduction of data services, such as SMS text messages.

Voice Communications

The transmission of spoken information using electronic devices, over distances.

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Professionals responsible for firefighting, emergency medical services, and other related public safety tasks to protect people, property, and the environment.

Communicate

The act of exchanging information, ideas, or feelings between two or more entities, either verbally or non-verbally.