As Long as a Firm's Cost of Sales Are Primarily

question 25

Multiple Choice

As long as a firm's cost of sales are primarily ________ then the firm's gross profit margin should be ________ from year to year.

• A)variable; roughly equal
• B)variable; vary widely
• C)fixed; more likely to be the same
• D)fixed; also fixed

---

Definitions:

Fire

A rapid chemical reaction that results in the release of heat and light, often consuming fuel and oxygen to sustain itself.

Stampeding Herds

Large groups of animals moving together in a panicked, uncontrolled rush, often triggered by fear.

Industrial-Medical Revolution

A period marked by significant advancements in industrial and medical fields, leading to changes in manufacturing, healthcare, and societal structures.

Average Per Capita

A statistical measure that represents the average amount of a particular resource or characteristic per person within a specified population.