Match the Terms with Their Definitions

question 103

Essay

Match the terms with their definitions.Some terms may not be used.
a.advisory board
b.B corporation
c.C corporation
d.corporate bylaws
e.corporate charter
f.limited partnership
g.partnership
h.professional corporation
i.S corporation
j.sole proprietorship
k.​unlimited liability
-A document that specifies the size of the board of directors,the duties and responsibilities of directors and officers,the scheduling of regular meetings,voting rights,and restrictions on the transfer of stock

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as sales volume or production levels.

Operating Income

The profit realized from a business's core operational activities, excluding deductions of interest and tax.

Unit Selling Price

The amount of money charged for each individual unit of a product or service.

Contribution Margin Ratio

A financial ratio that measures the profitability of a product by subtracting variable costs from sales and dividing the result by total sales.