MATCHING Choose the Item in Column 2 That Best Matches

question 14

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Import propensity

• A)The bed tax
• B)The measures that tells how sensitive demand is for one good or service to changes in the price of a related good or service
• C)The ripple effect
• D)A set of "accounting" rules to measure the economic contributions of tourism as an industry
• E)The state of pricing at which quantity demanded equals quantity supplied
• F)The cost of a resource is its value in its next best use
• G)The measures that tells how sensitive demand is to changes in income
• H)The total value of goods and services produced in a nation
• I)A variation pricing based on demand
• J)A leakage from a destination area

---

Definitions:

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much sales contribute to fixed costs and profit.

Budgeted Sales

Projected sales figures that are estimated by a business for a future accounting period, used for planning and strategic purposes.

Operating Income

A measure of a company's profitability that excludes non-operating income and expenses, focusing on core business activities.

Fixed Costs

Expenses that remain constant regardless of the business's production or sales activity, including insurance and lease payments.