Which of the Following Must Be True

question 173

Multiple Choice

Which of the following must be true?

• A)The higher the profit margin on sales ratio the better.
• B)Too high of a profit margin on sales ratio may mean the company is charging too much for its goods.
• C)The profit margin on sales ratio is greater than the gross profit ratio of a company.
• D)If a company's gross profit ratio is greater than 10% than its profit margin on sales ratio must also be greater than 10%.

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Definitions:

Principles of Justice

Fundamental norms or values guiding fair treatment and equity in various aspects of society, including the legal system, employment, and personal interactions.

Formal Discipline Process

A structured approach an organization uses to address employee behaviors or performance issues and to apply corrective measures.

Formal Discipline Process

A structured method by which rules are enforced and behavioral expectations are maintained within an organization.

Human Resource Department

A department within an organization responsible for overseeing employee relations, recruitment, training, benefits, and compliance with labor laws.