If Net Sales Is Growing at a Greater Rate Than

question 11

Multiple Choice

If net sales is growing at a greater rate than cost of goods sold,which of the following will always be true?

• A)The gross margin ratio will decrease.
• B)The gross margin ratio will increase.
• C)Net income will increase.
• D)Net income will decrease.
• E)None of the answer choices is correct.

---

Definitions:

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, including species diversity, genetic diversity, and ecosystem diversity.

National Forests

Publicly held lands set aside for the preservation of natural resources, recreation, and protection.

Plant Species

A distinct biological classification of plants, defined by particular characteristics that differentiate it from other species.

Animal Species

Distinct groups within the Animalia kingdom that share common characteristics and genetics, capable of breeding and producing fertile offspring.