If Net Income Is Rising,but Both Sales and the Gross

question 33

Multiple Choice

If net income is rising,but both sales and the gross profit percentage remain the same,then:

• A)operating expenses are falling.
• B)operating expenses are rising.
• C)cost of goods sold is falling.
• D)cost of goods sold is rising.

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Definitions:

High Cognitive Load

A situation where the task at hand requires a significant amount of mental effort and working memory, potentially affecting performance and decision-making.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Ingroup Bias

The tendency to favor members of one's own group over those from external groups, often leading to prejudice and discrimination.