Anuk Likes Ice Cream Better Than Cake, and Cake Better

question 65

Multiple Choice

Anuk likes ice cream better than cake, and cake better than pie. Her comparative enjoyment of ice cream, cake, and pie is a/an ________.

• A) orientation
• B) attitude
• C) preference
• D) survey response
• E) opinion

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Definitions:

Contribution Margin Ratio

A financial metric that measures the proportion of revenue that exceeds variable costs, indicating how much of sales revenue is available to cover fixed costs and generate profit.

Fixed Costs

Costs that remain constant regardless of the amount of output or the level of business operations, including expenses like rent, wages, and insurance fees.

Rent Expense

The cost incurred from renting property or equipment for business or personal use, recognized as an expense on the income statement.

Margin of Safety

The difference between actual sales and the break-even point, used as a buffer against unpredictability in business performance.