A Retailer with Sales of $10 Million and Operating Expenses

question 11

Multiple Choice

A retailer with sales of $10 million and operating expenses of $2 million has an efficiency rating of ________.

• A) 25 percent
• B) 40 percent
• C) 80 percent
• D) 400 percent

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Definitions:

Secretin

A hormone that stimulates the secretion of digestive juices from the pancreas and bile from the liver into the small intestine.

Ileocecal Sphincter

Thickening of circular smooth muscle between the ileum and the cecum, forming the ileocecal valve.

Peristaltic Contractions

Wave-like muscle contractions that occur in tubular structures of the body, such as the gastrointestinal tract, to move contents along.

Proteolytic Enzyme

An enzyme that breaks down proteins into smaller peptides or amino acids.