The profit margin equals
a. net sales divided by net income.
b. gross margin divided by net income.
c. net income divided by gross margin.
d. net income divided by net sales.
D
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A bank statement lists
a. the company's errors made during the period; b. the owner's bank account balance at the end of the period; c. all checks written by the company; d. all deposits made by the company during the period; e. none of these.
A __________ is a person or organization that helps another organization sell its goods and services to customers.
a. financier b. supplier c. strategic ally d. distributor e. special-interest group
Economies of scale, which reduce costs, can be achieved through
A. localization. B. employing the learning curve. C. standardization. D. careful supervision of the manufacturing process.
Private civil actions are permitted under the Fair Labor Standards Act
Indicate whether the statement is true or false