A Low Gross Profit Percentage Means That

question 149

Multiple Choice

A low gross profit percentage means that:

• 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:

Pseudocyesis

A condition in which a person believes they are pregnant and exhibits some pregnancy symptoms, but no actual pregnancy exists.

False Pregnancy

A condition in which a person believes they are pregnant and may even exhibit pregnancy symptoms, but is not actually pregnant.

Circum-

A prefix meaning around or about, often used in medical and geographical terms.

Around

Located or positioned on every side, or in a circular direction or position surrounding an object.