Gross profit is calculated by deducting ________ from sales revenue.
A) total fixed costs
B) cost of goods sold
C) total variable costs
D) selling and administrative costs
B) cost of goods sold
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John often prefers conversations that require him to intellectually challenge himself. John is a(n) _________ listener.
a. content-oriented b. action-oriented c. people-oriented d. intellectual-oriented
The basic difference between consignment and memorandum purchases is based on the size of the order
Indicate whether the statement is true or false
Brewdom, a leading multinational beverage corporation, has teamed up with Wealth from Waste to develop a plan to improve the reverse logistics of used beverage bottles for recycle and reuse
Together, Brewdom and Wealth from Waste have plans to deploy thousands of "Recycle Machines" in both permanent and temporary locations that will take empty bottles and provide rewards to consumers who participate. These companies are practicing _____. a. sustainable supply chain management b. flexible manufacturing c. contract manufacturing d. just-in-time inventory management
An installment contract is breached if a seller tenders any nonconforming goods.?
Indicate whether the statement is true or false