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Business Data Management · Quiz 2 · 10 Jul 2022 · May 2022 term

Question 19: If gross profit = net profit + x, which of the following…

Question 19

+0.5 marksOne or more correct options

If gross profit = net profit + x, which of the following statements is/ are true? (select all that is applicable)

Select all that apply.

  1. A

    “X” includes variable cost

  2. B

    “X” includes cost of goods sold (e.g.: building, equipment, etc.)

  3. C

    “X” includes cost of expenses (e.g.: operating, interest, taxes, etc.)

  4. D

    None of these

Show answer

Correct answer

  • C

    “X” includes cost of expenses (e.g.: operating, interest, taxes, etc.)

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Question 19 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term (IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022). It carries 0.5 marks.

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