In Determining Whether to Keep or Drop a Product Line,product

question 58

True/False

In determining whether to keep or drop a product line,product contribution is calculated as sales minus variable costs,minus avoidable fixed costs.

---

Definitions:

Personal Conscience

Refers to the inner sense of what is right or wrong in one's conduct or motives, impelling one towards right action.

Freudian Theory

Sigmund Freud's psychoanalytic theory which emphasizes unconscious desires, childhood experiences, and the structure of personality (id, ego, superego).

Cultural Standards

Norms and expectations that a specific culture establishes and upholds, which guide behavior, attitudes, and values within that culture.

Sense of Self

An individual's consciousness of their own identity and personality, which includes their thoughts, experiences, values, and beliefs about who they are.