A ________ Combines a Series of Related Dichotomous Questions into a Single

question 7

Multiple Choice

A ________ combines a series of related dichotomous questions into a single question.

• A)constant sum question
• B)multiple choice question
• C)rating scale
• D)checklist

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Definitions:

Contribution Margin Ratio

The contribution margin ratio measures the proportion of revenue remaining after variable costs are deducted, indicating the percentage of sales that contributes to fixed costs and profit.

Fixed Monthly Expenses

Expenses that do not change in total regardless of the level of activity, production, or sales within a given month.

Net Operating Income

A company's income after operating expenses are subtracted from its operating revenues.

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much revenue contributes to fixed costs and profits.