A Low Gross Profit Percentage Means That

question 149

Multiple Choice

A low gross profit percentage means that:

• A)the cost of goods sold was relatively low.
• B)the cost of goods sold was relatively high.
• C)selling expenses are very low.
• D)general and administrative expenses are very high.

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Definitions:

Expected Level of Task Performance

The anticipated standard or degree of accomplishment that an individual or group should achieve in executing a specific task or duty.

Hard Work

The extensive effort and dedication put into tasks to achieve goals, often characterized by long hours and high levels of commitment.

Trait Theories

Theories in psychology and leadership that suggest certain personality traits or qualities are inherently linked to effective leadership or success.

Leadership

The action of leading a group of people or an organization, involving the ability to motivate, influence, and direct others towards achieving agreed objectives.