Net Income Stated as a Percentage of Sales Is One

question 124

True/False

Net income stated as a percentage of sales is one means of evaluating a company's ability to control its expenses.

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Definitions:

Mutually Exclusive

Refers to events that cannot occur at the same time in probability theory; the occurrence of one event means the other cannot happen.

P(A ∪ B)

The probability that at least one of two events A or B occurs.

Independent Events

Two or more events whose outcomes do not affect each other.

P(A ∪ B)

Represents the probability of the occurrence of at least one of two events A or B.