The Belief That Most Behaviour Is Caused Would Be Consistent

question 57

True/False

The belief that most behaviour is caused would be consistent with the systematic approach.

Understand the cost formula for both variable and fixed expenses.

Determine net operating income using the contribution approach.

Analyze and calculate average fixed costs per unit at a defined activity level.

Calculate gross margin and distinguish it from contribution margin.

---

Definitions:

Cash Discount

A cash discount is a reduction in the invoice price offered by a seller to the buyer in return for early payment of their bill, as a way to encourage quicker payment.

Net 30

A payment term indicating that full payment is due within 30 days of the invoice date.

Trade Discount

A reduction in the listed price of goods or services offered by a seller to buyers in the same trade.

List Price

The official selling price of a product or service announced by a manufacturer or service provider before any discounts or promotions.