Chrysler Has a Financial Unit That Is Responsible for Vehicle

question 16

Multiple Choice

Chrysler has a financial unit that is responsible for vehicle leases to consumers. It has a distinct mission,control over its resources,and plans independent of the other divisions of Chrysler.This financial unit is an example of a(n) :

• A) organizational level
• B) SWOT
• C) secure business unit
• D) business sales unit
• E) strategic business unit

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Periodic Inventory System

An inventory system where inventory levels and cost of goods sold (COGS) are updated in the accounting records at the end of an accounting period.

Cost of Goods Sold

The total cost directly related to the production of the goods sold by a company.