When Frank Fails His Math Class in the Fall Semester

question 33

Multiple Choice

When Frank fails his math class in the fall semester, he blames it on his teacher. When he passes math the next semester, he prides himself on his hard work. His self-concept is affected by

• A) self-serving bias.
• B) self-fulfilling prophecy.
• C) rational-emotive behavior.
• D) impression management.

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Definitions:

Contribution Margin Ratio

The ratio of contribution margin to sales revenue, used to measure the profitability and efficiency of a product or service.

Margin Of Safety

The difference between the actual or expected profitability of a project and the break-even point. It is a cushion against uncertainty.

Net Operating Income

The profit generated from a company's everyday operations, calculated by subtracting operating expenses from operating income.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating the amount contributing to covering fixed costs and generating profit.