Any Substance That When Dissolved in Water Will Give Off

question 19

Multiple Choice

Any substance that when dissolved in water will give off H⁺ ions is referred to as a(n) ________.

• A) pH
• B) buffer
• C) catalyst
• D) acid

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.

Total Cost Method

A cost-plus method of price setting in which all the costs of manufacturing the product plus the selling and administrative expenses are included in the cost amount to which the markup is added.

Manufacturing Cost

The total expense incurred in the process of producing a product, including direct labor, direct materials, and overhead costs.

Desired Profit

The target profit a company or individual aims to achieve in a specific period.