Tia Is 10 Years Old

question 119

Multiple Choice

Tia is 10 years old. She has learned to speak and has acquired some basic self help and simple manual skills but has not been able to learn to read and write. Most likely Tia's level of mental retardation would be classified as

Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, used to cover fixed costs and generate profit.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicative of its profitability.

Sales Mix

The combination of different products or services that a company sells, each contributing to total sales revenue.

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain is incurred by the business.