Aerochange

question 27

Multiple Choice

Aerochange.com was founded by thirteen airline companies as a website where the companies could purchase all the goods and services for their operation,excluding aircraft and fuel.Selected suppliers were invited to partner with these airlines at this site.Items that are traded through Aeroxchange include a wide range of airline- specific products and services,such as engine components and maintenance.Aerochange is an example of a(n) _.

• A)web link
• B)data bots
• C)extranet
• D)private exchange
• E)search engine

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Definitions:

Objective Uncertainty

The state of having insufficient knowledge due to an inherently unpredictable environment or situation.

Contribution Margin

Contribution margin is the amount by which a product's sales revenue exceeds its variable costs, indicating the contribution of sales towards fixed costs and profits.

Break-even Point

The financial point at which total revenue equals total costs, resulting in zero net profit or loss.

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue.