Examlex
Which of the following statements best defines measurements gained from the use of aptitude tests?
Cost of Goods Sold
Direct costs attributable to the production of the goods sold by a company, including materials and labor.
Net Income
The total earnings or profit of a company after subtracting all expenses, taxes, and costs from its total revenue.
Overstatement
A situation where figures or values are recorded in the financial statements higher than the actual or true values.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, after all purchases and sales have been accounted for.
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