Holding All Other Variables Constant, an Increase in COGS Will

question 32

Multiple Choice

Holding all other variables constant, an increase in COGS will lead to:

• A)a decreased cost ratio.
• B)a higher gross margin.
• C)lower net income.
• D)paying more in taxes.

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Definitions:

Median

A statistical measure denoting the middle value in a data set, where half the numbers are above and half below.

Mean

A statistical measure that calculates the average value of a set of numbers by adding all the numbers together and dividing by the count of those numbers.

Mode

The value that appears most frequently in a given set of data.

Median

The middle value in a data set, which separates the higher half from the lower half.