Match the Terms with the Descriptions Provided

question 143

Multiple Choice

Match the terms with the descriptions provided.
-for a given level of sales,the higher the cost of goods sold,the lower this measure

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

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Definitions:

Revolutionary War

The conflict between Thirteen American colonies and the British Empire (1775-1783), which resulted in the colonies gaining independence and forming the United States of America.

Republicanism

A political belief system based on the concept of citizenship within a republic, where sovereignty is vested in the populace.

Social Hierarchy

The stratification of individuals or groups in a society based on various factors such as wealth, race, education, or power.

Finite Population

A population set that contains a limited or countable number of elements or members.