Shelly's Business Was Successful for All of the Following Reasons

question 15

Multiple Choice

Shelly's business was successful for all of the following reasons except

• A) quality product.
• B) appropriate incentives for employees.
• C) productive employees.
• D) employees who enjoyed being part of a new business.
• E) she had no competitors.

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Definitions:

Net Sales

Total sales for the time period minus sales returned and adjustments made during the same time.

Percentage of Net Change

The ratio or fraction, expressed as a percentage, that represents the difference between the old value and the new value divided by the old value, often used to measure growth or decline.

Comparative Income Statement

A financial statement that compares income, expenses, and net income over different periods to observe trends or changes.

Sales

Transactions involving the exchange of goods or services for money.