Total Contribution Margin Is Defined As

question 6

Multiple Choice

Total contribution margin is defined as:

• A)selling price times units sold.
• B)cost to produce times units sold.
• C)total sales revenues less total variable costs.
• D)total variable costs less fixed costs.

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Definitions:

Simulation

The use of a model to replicate and understand the behavior of a system or process over time.

Component

A constituent part of a larger whole, used in various contexts from electronics to software engineering to describe an element or piece that plays a specific role.

Outcomes

The results or consequences of actions, processes, or experiments, which can be measured and analyzed.

Pseudorandom Numbers

Numbers that are generated using deterministic algorithms that approximate the properties of random numbers.