A High Gross Profit Percentage Means

question 142

Multiple Choice

A high gross profit percentage means:

• A)the cost of goods sold was relatively low.
• B)the cost of goods sold was relatively high.
• C)selling expenses are very low.
• D)general and administrative expenses are very high.

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Definitions:

Civil Rights Act

Legislation in the United States aimed at ending discrimination based on race, color, religion, sex, or national origin.

Medical Care

Professional health services provided by doctors, nurses, and other health professionals to diagnose, treat, and prevent disease and injury.

Employees

Individuals hired by an organization to perform specific duties in exchange for compensation.

Conflicts

Disagreements or clashes between ideas, interests, or parties, potentially leading to disputes or confrontations.