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As Described in the Text,Sword & Plough Hires Army Veterans

question 86

Multiple Choice

As described in the text,Sword & Plough hires army veterans to recycle surplus military materials such as parachutes,sleeping bags,and tents into fashionable bags and accessories.It donates 10% of its profits to veterans' organizations.Sword & Plough is an example of ______.


Definitions:

Variable Costs

Costs that vary in direct proportion to changes in levels of production or sales.

Fixed Costs

Expenses that do not change in proportion to the level of production or sales activities, such as rent, salaries, and insurance premiums.

Net Income

The total profit of a company after all revenues, costs, and expenses have been deducted, often referred to as the bottom line.

Sales

The transactions involving the exchange of goods or services for money, constituting the primary revenue source for most businesses.

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