Walmart Takes Its Net Sales and Subtracts the Cost of Goods

question 129

Multiple Choice

Walmart takes its net sales and subtracts the cost of goods sold during the previous period. The result is Walmart's

• A) gross sales.
• B) net income.
• C) gross profit.
• D) net margin.
• E) net purchases.

---

Definitions:

Normative Influence

Social influence whereby individuals change their behavior or attitudes to conform to norms or expectations of a group to gain acceptance or approval.

Prior Commitment

An individual’s agreement in advance to be responsible if trouble occurs: for example, committing oneself to protect the property of another person against theft.

Social Role Theory

A theory that suggests much of social behavior can be understood by the roles individuals assume, which are influenced by societal norms and expectations.

Moriarty

Typically refers to Professor James Moriarty, a fictional character in the Sherlock Holmes stories by Sir Arthur Conan Doyle, often depicted as Holmes' archenemy.