If a Curve Rises and Then Falls,it Has a

question 228

Multiple Choice

If a curve rises and then falls,it has a

• A) maximum.
• B) minimum.
• C) linear relationship.
• D) constant slope relationship.
• E) slope that is negative and then positive.

---

Definitions:

Cost of Goods Sold

Cost of goods sold is the direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Gross Profit Rate

The ratio of gross profit to net sales, expressed as a percentage, indicating the efficiency of a company in managing its direct costs.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Cost of Goods Sold

Costs directly resulting from the production process of goods that a company sells, encompassing expenditure on labor and materials.