Which of the Following Statements About the Movie Industry Is

question 39

Multiple Choice

Which of the following statements about the movie industry is not True?

• A) Over 100 million Americans were expected to watch movies online in 2014.
• B) Online movie distribution is not dominated by a single distributor.
• C) Sales of digital movies that can be downloaded increased by almost 50% in 2013.
• D) Internet and online distribution now make up the largest share of movie revenues.

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Definitions:

Cost of Goods Manufactured

The total production cost of goods that are completed and ready for sale during a specific accounting period.

Manufacturing Company

A business engaged in the production of goods using labor, machinery, and raw materials.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, presenting the results of operations, financial position, and cash flows.

Gross Profit

The financial metric representing the difference between sales revenue and the cost of goods sold before deducting administrative and selling expenses.