Contribution Margin Is the Amount of Revenue Remaining After Deducting

question 23

Multiple Choice

Contribution margin is the amount of revenue remaining after deducting

• A) cost of goods sold.
• B) fixed costs.
• C) variable costs.
• D) contra-revenue.

---

Definitions:

Time Deposits

Banking products that hold a fixed amount of funds for a specified period of time, earning interest, such as CDs.

Recordkeeping

The systematic process of maintaining records for financial transactions and other business activities.

Custody of Assets

Responsibility for safeguarding and managing physical or digital assets, ensuring their security and proper use.

Automated Sales Systems

Technology-driven systems designed to streamline the sales process, often involving automated customer interactions, order processing, and data analysis.