The Assessment Step of MAP-IT Aims to Identify What the Community

question 8

True/False

The assessment step of MAP-IT aims to identify what the community wants done and what can be done given the available resources.

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Definitions:

Break-Even Point

The financial point at which costs equal revenues, so there is no net loss or gain.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, contributing to covering fixed costs and profit.

Break Even

is the point at which total costs and total revenues are equal, meaning there is no net loss or gain, and it's a rephrased term for determining financial balance.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and direct labor costs.