"Total Sales - Total Cost of Sales" Is the Formula

question 24

Multiple Choice

"Total sales - Total cost of sales" is the formula a manager uses to calculate an operation's

• A) prime cost.
• B) gross profit.
• C) profit margin.
• D) cost of sales percentage.

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Definitions:

Multiculturalism

A concept often used in different ways. It can refer to the demographic reality that we are a multicultural society made up of ethnoculturally and racially diverse groups of people. Multiculturalism can also refer to an ideology that uses ethnocultural and racial diversity and equity as its framework and a mosaic as its metaphor. It may also refer to formal policy and initiatives.

Bilingual Country

A country where two languages are officially recognized and widely used in government, education, and daily life.

Binational Country

A sovereign state that is recognized as having two distinct nationalities within its population or governance.

Institutionalized Multiculturalism

A policy or practice within institutions that promotes the recognition, appreciation, and support of cultural diversity.