Gross Margin Is ________

question 93

Multiple Choice

Gross margin is ________.

• A) sales revenue less variable costs
• B) sales revenue less cost of goods sold
• C) contribution margin less fixed costs
• D) contribution margin less variable costs

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Definitions:

Survival of the Fittest

A concept in natural selection suggesting that individuals or species that are most adaptable to their environment have a better chance of surviving and reproducing.

Charles Darwin

A 19th-century English naturalist, geologist, and biologist best known for his contributions to the science of evolution by natural selection.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, forming the principal natural taxonomic unit below a genus.

William Graham Sumner

A prominent American sociologist and economist known for his contributions to social Darwinism and conflict theory.