The Gross Margin Method Requires All but Which of the Following

question 33

Multiple Choice

The gross margin method requires all but which of the following elements of information?

• A)Total sales for the present period.
• B)The ending inventory for the present period.
• C)Amount of purchases during the present period.
• D)The beginning inventory for the present period.

---

Definitions:

Performance Standards

Established expectations or benchmarks used to measure and evaluate the quality of work, performance, or outcomes.

Self-Efficacy Standards

Beliefs an individual holds regarding their own ability to successfully perform and achieve tasks.

Conditions of Worth

Standards imposed by others that one feels they must meet to be valued and loved, a concept in Carl Rogers' person-centered therapy.

Descriptive

Pertaining to the detailing or explanation of characteristics.