A Firm's Profit Margin, or Return on Sales, Is Computed

question 9

Multiple Choice

A firm's profit margin, or return on sales, is computed by dividing ________.

• A) net income by net sales
• B) gross profit by net sales
• C) net income by gross profit
• D) net income by cost of sales
• E) operating income by gross profit

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Definitions:

Buddy System

A method of pairing individuals so that each may help and support the other, commonly used in training new employees or promoting safety.

Orientation System

A structured process or program designed to introduce new employees to their job and the organization, covering policies, procedures, and culture.

Sponsor

A person in an organization who can create career development opportunities for others.

Learning Principles

Guidelines to the ways people learn most effectively.