The Measure of How Much Profit the Firm Generates as Well

question 21

Multiple Choice

The measure of how much profit the firm generates as well as how much profit certain aspects of the firm,including regions,channels,and customer segments,contribute is referred to as

• A)profitability analysis.
• B)revenue analysis.
• C)profitability return on investment.
• D)market share analysis.
• E)profit margin.

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Definitions:

Internal Control

Measures and tactics adopted by an organization to safeguard the reliability of its financial and accounting data, foster responsibility, and avert deceit.

Materials Requisition Slip

A document used internally in a company to request materials or goods from the inventory or warehouse, specifying quantities and details needed for production.

Authorization

The formal or official approval, often required before an action or transaction can occur.

Job Cost Sheet

A document that records the costs related to a specific job or project, tracking materials, labor, and overhead.