Which of the Following Statements Is Correct About the Difference

question 103

Multiple Choice

Which of the following statements is correct about the difference between contribution margin and gross margin?

• A)Contribution margin and gross margin are equivalent.
• B)Contribution margin is the difference between sales revenue and cost of goods sold.
• C)Gross margin is the difference between sales revenue and variable costs.
• D)Gross margin is used for external reporting,while contribution margin is used for internal reporting.

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Definitions:

Free Blacks

Refers to African Americans who were not enslaved before the Emancipation Proclamation and the end of the Civil War in the United States.

Charles Grandison Finney

A prominent American preacher and leader in the Second Great Awakening, his methods and messages led to significant religious revivals in the 19th century.

Alexis De Tocqueville

A French political thinker and historian best known for his works "Democracy in America," examining the democratic revolution in the United States.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing salvation through faith and the concept of the Trinity.