Regarding Operating Statements

question 10

Multiple Choice

Regarding operating statements:

• A) gross sales are the actual sales dollars the company will receive.
• B) net sales minus expenses equals the cost of sales.
• C) "gross sales" minus expenses equals the cost of sales.
• D) gross margin equals expenses plus net profit.
• E) gross margin is the money left after all expenses are subtracted from net sales.

---

Definitions:

Goal Statements

Clear expressions of desired outcomes or objectives, often defined in specific, measurable terms.

Formalizing Goals

The process of defining and establishing clear, measurable, and time-bound objectives to guide actions and measure accomplishments.

Work/Life Priorities

The balance or prioritization between professional obligations and personal life activities, aiming to achieve fulfillment and well-being in both areas.

Goal Setting

The practice of setting specific, measurable, achievable, relevant, and time-bound objectives.