The Amount by Which Actual or Expected Sales Exceeds Break-Even

question 63

Multiple Choice

The amount by which actual or expected sales exceeds break-even sales is referred to as

• A) contribution margin.
• B) unanticipated profit.
• C) margin of safety.
• D) target net income.

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Definitions:

Piaget's Conservation Task

Piaget's Conservation Task is a cognitive exercise used by psychologist Jean Piaget to assess a child's ability to understand that quantities remain constant despite changes in shape or arrangement.

Reversibility

A mental operation in which a child realizes that one operation can be negated, or reversed, by the effects of another.

Reversibility

The cognitive ability to understand that actions can be reversed, returning to the original state.

Mental Operation

Cognitive processes that involve manipulating information mentally, such as reasoning, problem-solving, and decision-making.