Use the Information Below to Answer the Following Questions That

question 17

Multiple Choice

Use the information below to answer the following questions that refer to Table B-2. Based on the information in Table B-2, net sales are:
$$\begin{array} { l c } { \text { Table B-2 } } & \\\text { Gross sales } & \$ 240,000 \\\text { Returns } & \$ 20,000 \\\text { Allowances } & \$ 20,000 \\\text { Gross margin } & 25 \% \\\text { Beginning inventory } & \$ 50,000 \\\text { Ending inventory } & \$ 50,000 \\\text { Expenses } & \$ 40,000 \\\text { Markdowns } & \$ 30,000 \\\text { Investment } & \$ 50,000\end{array}$$

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Definitions:

Diversity Competency

The ability to understand, respect, and value the differences between individuals, including those of different races, ethnicities, genders, ages, religions, disabilities, and sexual orientations, among others.

Diverse Workforce

A group of employees in an organization that includes a variety of different characteristics, such as cultural background, gender, age, and abilities.

Lateral Thinking Method

A problem-solving approach that involves looking at the situation from different perspectives rather than proceeding linearly.

Deliberate Process

A methodical or planned series of actions aimed at achieving a particular outcome, involving conscious thought and consideration.