In the Income Statement, Gross Profit Minus Fixed Operating Costs

question 6

Multiple Choice

In the income statement, gross profit minus fixed operating costs equals ________.

• A) Pretax profit
• B) Net profit
• C) Gross profit
• D) COGS
• E) Margin

---

Definitions:

Self-Actualization

A process of realizing and expressing one’s own capabilities and creativity, often considered the highest level of psychological development in Maslow's hierarchy of needs.

Lower-Order Needs

Basic human requirements such as physiological and safety needs that must be satisfied before higher-order needs can be addressed.

Esteem

The respect, admiration, or value that an individual holds for themselves or that others hold for them.

Social

Relating to society or its organization; pertaining to activities involving interaction with other people.