During Your First Year of College, You Should Start Mapping

question 16

Multiple Choice

During your first year of college, you should start mapping out when you might take the required courses for your major program of study if you are

• A) fairly certain what your major program of study will be.
• B) exploring a few major programs of study.
• C) fairly certain what your minor program of study will be.
• D) exploring a few minor programs of study.

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Definitions:

Contribution

The amount of money or resources that an individual or entity provides towards a particular project, investment, or cause.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed to variable costs.

Fixed Costs

Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

EBIT

Earnings Before Interest and Taxes, also known as EBIT, is a way to evaluate a company's profit without considering tax and interest expenses.