The Appropriate Number of Significant Figures in the Result of 15.234

question 38

Multiple Choice

The appropriate number of significant figures in the result of 15.234 − 15.208 is

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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Definitions:

Contribution Margin

The residual amount from sales income following the deduction of variable expenses, allocated for covering fixed costs and producing profit.

Variable Costs

Expenses that vary in relation to the amount of production or business activity.

Fixed Costs

Costs that do not change with the level of output produced, such as rent and salaries.

Break-Even Point

The financial analysis term where total costs and total revenues are equal, resulting in no net loss or gain for the business.