Gross Margin Is ________

question 93

Multiple Choice

Gross margin is ________.

• A) sales revenue less variable costs
• B) sales revenue less cost of goods sold
• C) contribution margin less fixed costs
• D) contribution margin less variable costs

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Definitions:

Performance Standards

Benchmarks or criteria set by an organization to measure an employee's work performance against predetermined objectives.

Job Analysis

The process of obtaining information about jobs by determining the duties, tasks, or activities of jobs.

Performance Management

The process of creating a work environment in which people can perform to the best of their abilities

Performance Feedback

The process of providing employees with information about their job performance and suggestions for improvement.