In an Organization,a Single Clerk Is Working in the Administrative

question 5

Multiple Choice

In an organization,a single clerk is working in the administrative department: The notation that accurately indicates this relationship is ________.

• A) 1:N
• B) N:N
• C) 1:1
• D) N:M

---

Definitions:

Contribution Margin Ratio

The percentage of each dollar of sales that is available to apply to fixed costs and contribute to net income; calculated as unit contribution margin divided by unit selling price.

Unit Contribution Margin

The amount of revenue remaining per unit after deducting variable costs; calculated as unit selling price minus unit variable costs.

Unit Sales Price

The amount that a business charges for one unit of its product or service.

High-Low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.