Regarding Markups and Turnover

question 219

Multiple Choice

Regarding markups and turnover:

• A) high markups usually lead to high profits.
• B) speeding turnover usually decreases profits.
• C) items sold at low markups (e.g., 20 percent) cannot be profitable.
• D) depending on the industry--a stockturn rate of 1 or 2 may be quite profitable.
• E) All of the above.

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Definitions:

Jointed Appendages

Characteristic features of arthropods, including insects and crustaceans, where limbs are jointed, allowing for movement.

Planarians

Flatworms belonging to the Turbellaria class, known for their remarkable regenerative ability and as subjects of biological research.

Circulatory System

The body system that functions in internal transport and protects the body from disease.

Cephalopods

Cephalopods are a class of mollusks that include squid, octopuses, and cuttlefish, known for their advanced nervous systems, complex eyes, and ability to change color and texture.