GMAT Sentence Correction (SC) | Re: There is a difference in the way the term turnover and the

There is a difference in theway the term turnover and the term revenue is used in business across the Atlantic; in the United States, turnover refers to how rapidly the inventory acquisition and transaction occurs whereas in Europe turnover refers to a company's income, known in the States as revenue.
(A) way the term turnover and the term revenueis used in business across the Atlantic; in the States, turnover refers to how rapidly the inventory acquisition and transactionoccurs whereas
ARE must be used instead of IS coz subject "way the term turnover and way the term revenue" is Plural. OCCUR must be used instead of OCCURS coz the subject " the inventory acquisition and transaction ( X and Y)" is plural. Thus Incorrect