Which of the Following Correctly Describes the Gross Profit Percentage

question 132

Multiple Choice

Which of the following correctly describes the gross profit percentage?

• A) For most companies, the gross profit percentage changes little from year to year.
• B) Merchandising companies strive to increase the gross profit percentage.
• C) The gross profit percentage is one of the most carefully watched measures of profitability.
• D) All of the above are true.

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Definitions:

Geographic Location

A specific place or position within a physical space that is identified using coordinates or a descriptive address.

Edge Effect

The ecological phenomenon in which ecotones between adjacent communities often contain a greater number of species or greater population densities of certain species than either adjacent community.

Diversity Index

A quantitative measure that reflects how many different types (such as species) there are in a dataset, and simultaneously takes into account how evenly the basic entities (like individuals) are distributed among those types.

Resource Partitioning

The process by which competing species or individuals divide resources among themselves to reduce competition and increase biodiversity.