All of the following statements regarding the gross profit ratio are true except:
a. The gross profit ratio alone is sufficient to determine a company's profitability.
b. Managers, investors, and creditors use the gross profit ratio to measure one aspect of profitability.
c. The gross profit ratio explains how many cents on every dollar are available to cover expenses other than cost of goods sold and to earn a profit.
d. If a company's net sales were $200,000 and cost of goods sold were $120,000, its gross profit ratio would be 40%.
a
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Employee fraud schemes in the area of reimbursement of expenses include all of the following except:
a. overstating expenses b. fake receipts c. overstating commissions d. using personal expenses as business expenses
Which of the following is the most accurate comparison of structured and unstructured data?
A) More unstructured data than structured data is created every day. B) More structured data than unstructured data is created every day. C) Computers can organize and understand structured data but not unstructured data. D) Computers can organize and understand unstructured data but not structured data. E) Data mining and analysis has historically focused on unstructured data rather than structured data.
Any ethical apology begins with ______.
A. expression of regret for the harm caused B. an explanation for the problematic behavior C. acknowledgement that an offense has occurred D. an effort to repair the damage
Ben is responsible for the promotions and public relations of his firm, which produces rubber tires. A recent development in technology may change the way in which the rubber for tires is produced, allowing it to be sourced from the roots of dandelion plants. Ben would like to have a story run on the evening news or in the local newspaper about this development, but he knows that this story is likely to be rejected by media personnel because the material is
A. too long. B. written at too high a reading level. C. submitted by an organization that the media does not like. D. not persuasive enough. E. not newsworthy.