Which of the Following Statements About Operating Profit (OP)is TRUE

question 16

Multiple Choice

Which of the following statements about operating profit (OP) is TRUE?

• A)OP = revenue less fixed costs
• B)OP = revenue less cost of goods sold less other variable costs
• C)OP = revenue less variable costs
• D)OP = revenue less variable and fixed costs

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Definitions:

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Expertly implemented or utilized in a practical situation.

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Truthful

Being honest or accurate, representing facts without alteration or distortion.