The Conversion Ratio Is Computed as __________ Divided by __________

question 75

Multiple Choice

The conversion ratio is computed as __________ divided by __________.

• A) net income; total sales
• B) purchase orders; total sales
• C) purchase orders; customer inquiries
• D) net income; gross income
• E) customer inquiries; purchase orders

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Definitions:

Marginal Utility

The enhancement in satisfaction or benefit a consumer achieves by consuming an additional unit of a good or service.

Noncash Gifts

Items of value given as presents that are not in the form of currency or monetary instruments.

Consumer Preferences

The tastes, preferences, and priorities that influence the buying decisions of individuals or households.