The Denominator in the Gross Margin Percentage Is

question 64

Multiple Choice

The denominator in the gross margin percentage is:

• A)net sales
• B)net income
• C)average inventory
• D)cost of goods sold

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Definitions:

Reinforcer

A consequence of an action that affects the likelihood of the action being repeated, or not, in the future.

Operant Conditioning

Operant Conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A psychological process through which associations between a previously neutral stimulus and a naturally occurring stimulus are learned, leading to a learned response.

Premack Principle

A principle of reinforcement which states that a more probable behavior can reinforce a less probable behavior.