Match the Terms with the Descriptions Provided

question 65

Multiple Choice

Match the terms with the descriptions provided.
-difference between a company's net sales and its cost of goods sold

• A)average days to sell inventory
• B)gross margin
• C)gross profit ratio
• D)inventory turnover ratio
• E)freight-in
• F)freight-out

---

Definitions:

Integration

The process of combining or coordinating separate elements to work together in a unified system.

Common Goals

Objectives or outcomes that are shared among members of a group, team, or organization, fostering unity and collaboration.

Bureaucracy

An organizational system characterized by standardized procedures, hierarchical structure, and formal rules intended to improve efficiency and accountability.

Career Ladder

A metaphor for the structured and sequential order of advancement or promotion within a company or industry, offering a path of progression from entry-level to higher-level positions.