Einstein Won the Nobel Prize for Explaining

question 170

Multiple Choice

Einstein won the Nobel Prize for explaining

• A) general relativity.
• B) special relativity.
• C) the photoelectric effect.
• D) quantum mechanics.

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Definitions:

Margin of Safety

The difference between actual sales and sales at the breakeven point, indicating how much sales can decline before a loss occurs.

Variable Expenses

Costs that change in proportion to the activity or volume of a business operation.

Contribution Margin

The difference between sales revenue and variable costs; used to cover fixed costs and generate profit.

Break-Even Point

The sales level at which the company does not make a profit or incur a loss, denoting a balance between revenue and costs.