Limestone, Shells, and Chalk Are Some of the Raw Materials

question 43

Multiple Choice

Limestone, shells, and chalk are some of the raw materials used in the manufacture of cement. Raw materials like these constitute the _____ of the cement industry.

• A) factors of production
• B) visible artifacts
• C) intangible resources
• D) economies of scale

---

Definitions:

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs are subtracted, contributing to covering fixed costs and profit.

Margin Of Safety Ratio

A financial metric that indicates how much sales can decline before a business reaches its break-even point.

Costs And Expenses Ratio

A financial metric that compares the costs and expenses of a company to its total revenue, indicating the efficiency of its operations.

Variable Costs

Costs that change in proportion to the good or service that a business produces, such as raw materials and direct labor.