The Gross Margin Ratio

question 158

Multiple Choice

The gross margin ratio:

• A) Is also called the net profit ratio.
• B) Measures a merchandising firm's ability to earn a profit from the sale of inventory.
• C) Is also called the profit margin.
• D) Is a measure of liquidity.
• E) Should be greater than 1.

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Definitions:

Ethical Issues

Situations or problems requiring a choice between actions that must be evaluated as right (ethical) or wrong (unethical) based on a moral framework.

Critical Path

A critical path is the sequence of project activities which add up to the longest overall duration, determining the shortest time possible to complete the project.

Positive Slack

The extra time available to complete a task beyond the scheduled time, which can help in managing delays in project management.

Immediate Predecessors

Tasks that must be completed directly before a subsequent task can begin in project management or process planning.