Contribution Is Defined as the Amount by Which Price Exceeds

question 133

True/False

Contribution is defined as the amount by which price exceeds variable cost per unit. Contribution stated as a percent of price is known as contribution margin.

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Definitions:

Intuition

An experienced-based way of knowing or reasoning in which the weighing and balancing of evidence are done unconsciously and automatically.

Inspirational Business Name

A creative and motivating name chosen for a business to inspire potential customs and reflect the company's ethos.

Workflow

The sequence of processes through which a piece of work passes from initiation to completion in a business or work environment.

Working Conditions

The environment, including hours, physical aspects, and any hazards, in which employees perform their jobs.