Question # $1$

Which component of the income statements is reduced by the cost of goods sold to arrive at gross profit? Select the correct answer:

A$)$ EBT

B$)$ EBIT

C$)$ Net Income

D$)$ Revenues

Question # $2$

What do Investors, entrepreneurs, and other market participants rely on the security and exchange commission $($SEC$)$ to do$?$

A$)$ Determine the safety and efficacy of global investments by U$.$S and foreign investors.

B$)$ Provide regulatory oversight on all exchanges globally.

C$)$ Weave together a regulatory network that offers stability to U$.$S investors who trade on a global level.

D$)$ Form a regulatory network that offers protection to foreign investors who trade on a global level.