In Canada a Census Is Taken Every Five Years Of

question 83

Multiple Choice

In Canada a census is taken every five years of:

• A) all households
• B) 80% of the population
• C) 1 in 5 households
• D) 50% of the population
• E) In Canada is a census is taken every 4 years.

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Definitions:

Net Operating Income

is the total profit of a business after deducting operating expenses but before subtracting taxes and interest.

Contribution Margin Ratio

A metric that reveals the percentage of sales revenue that exceeds variable costs and contributes to covering fixed costs and generating profit.

Margin of Safety

Represents the extent to which sales can drop before a business reaches its break-even point.

Units

Units refer to the individual items or quantities that are produced, sold, or held in inventory.