Jared analyzed the income statement for his independent label and found that for every dollar of sales, 30 cents were spent on cost of goods sold. The gross profit per dollar was 70 cents. If 20 cents were spent on operating costs and 10 cents on taxes, what is the net profit per dollar?
A. 60 cents
B. 40 cents
C. 30 cents
D. 20 cents
Answer: B
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When communicating across cultures, the best strategy regarding language use is to
A. learn the local language. B. assume that business is always conducted in English. C. employ a translator. D. rely on the goodwill and knowledge of others. E. use a translation app or device.
Researchers have been too quick to generalize from simple research studies ("________ negotiations") to negotiating in complex relationships.
Fill in the blank(s) with the appropriate word(s).
When ABC Company makes a legal decision that complies with contractual agreements, one can accurately assume that it is an ethical decision because it is legal
Indicate whether the statement is true or false
Castor Company had income of $10,000, average assets of $100,000 and sales of $40,000. What is Castor's ROI?
A) 10% B) 20% C) 25% D) 0.4% E) 40%