A Business Simulation Game That Is Used by Colleges and Universities

question 19

Multiple Choice

A business simulation game that is used by colleges and universities all over the world has students submit decisions over the Internet.Decisions are stored online,processed on the server,and then the results are stored online.They are then downloaded by students in preparation for the next round.Which one of the following diagrams represents this activity?

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Definitions:

Days' Sales In Inventory

A financial metric that estimates how many days it will take to sell the entire inventory, indicating the liquidity of inventory.

Profit Margin

A financial metric that measures the extent to which a company or business activity makes money, expressed as a percentage of revenue.

Profit Margin Ratio

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency with which a company produces goods.

Gross Margin Ratio

A financial metric that measures the difference between revenue and cost of goods sold, expressed as a percentage of revenue.