Bob Got A's and Bill Got C's During Their Three

question 95

Multiple Choice

Bob got A's and Bill got C's during their three years of Russian class in the late 1940s. What will have happened to their competence at Russian if they have not used it since 1950?

• A) Bob will have remained competent at almost his original level until the 1960s, but Bill will have lost most of what he learned by that time.
• B) Bob will have remained more competent than Bill for about 10 years, but after that the two will be about the same.
• C) Bob's competence will hardly decline until he reaches advanced old age, but Bill will show virtually no competence even in the 1960s.
• D) The competence of both will decrease rapidly for a few years, but when they level off Bob will remain substantially more competent than Bill.

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Definitions:

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold (COGS), indicating the efficiency of a company in managing labor and supplies in production.

Deferred Gross Profit

The portion of gross profit on installment sales that is not recognized immediately but is deferred until cash is received.

Cost Recovery Method

An accounting method where profits are not recognized until all the costs of the goods sold are recovered.

Sales Price

The amount of money for which a product is sold to customers.