According to the Results of the Programme for International Student

question 64

Multiple Choice

According to the results of the Programme for International Student Assessment (PISA) , the countries with the highest math test scores are _____.

• A) Greece, Iceland, and China
• B) Japan, the United States, and Finland
• C) Austria, Italy, and South Korea
• D) China, Singapore, and South Korea

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some numbers more than others.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.

Margin of Safety

The difference between actual or projected sales and the break-even point; it measures the amount by which sales can drop before reaching the break-even point.

Profit-Volume Chart

A graphical representation that shows the relationship between a firm's profits and its volume of sales.