A Statement About a Characteristic of a Population Is a Hypothesis

question 43

Multiple Choice

A statement about a characteristic of a population is a hypothesis.

• A)demographic
• B)statistical
• C)research
• D)primary

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Definitions:

Unit Contribution Margin

The dollars available from each unit of sales to cover fixed costs and provide operating profits.

Fixed Costs

Expenses that do not change with the level of production or sales over the short term, such as rent and salaries.

Unit Contribution Margin

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

Break-even Point

The level of production or sales at which total revenues equal total expenses, and the business makes neither a profit nor a loss.