Which of the following best describes nationalization?

A) outsourcing of governmental functions to private entities
B) hiring preferences given to locals rather than expatriates
C) government's gradual and subtle actions against a firm
D) forced sale of an MNC's assets to local buyers

D

Business

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Gross profit is calculated as the difference between net sales revenue and ________

A) purchases B) cost of goods sold C) cost of merchandise inventory D) selling and administrative expenses

Business

Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor

Indicate whether the statement is true or false

Business