The Gross Profit Percentage Is Calculated As

question 140

Multiple Choice

The gross profit percentage is calculated as:

• A)cost of goods sold divided by net sales revenue.
• B)net sales revenue minus gross profit on sales.
• C)net sales revenue minus cost of goods sold.
• D)gross profit divided by net sales revenue.

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Definitions:

Norm-Referenced Format

A type of assessment or testing where the performance of an individual is compared to a normative group.

Direct Output Measures

Metrics used to directly assess the quantity, quality, or efficiency of work produced by an individual or group.

Norm-Referenced Appraisal

An evaluation method comparing an individual's performance or characteristics to the norm of a larger group.

Forced Distribution

A performance evaluation method where employees are ranked in accordance with a predetermined distribution curve, often leading to a fixed number of employees in categories like high, medium, and low performers.