Regarding Markups and Turnover

question 111

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 these alternatives are correct.

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Definitions:

Single-Income

Pertaining to a household or an individual who relies on one source of income, typically from one wage earner.

Two-Income Couples

Households in which both partners earn wages or salaries, contributing to the family's total income.

Economic Roles

Functions and responsibilities assumed by individuals or groups within an economic system, including production, distribution, and consumption of goods and services.

Family and Medical Leave Act

U.S. legislation granting eligible employees unpaid, job-protected leave for family and medical reasons.