-The Columns and Pie Slices in the Charts Above Are

question 93

Multiple Choice

-The columns and pie slices in the charts above are ____.

• A)data markers
• B)chart areas
• C)major tick marks
• D)minor tick marks

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Definitions:

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Margin Of Safety

The extent to which sales can decline before a business reaches its breakeven point.

Variable Expenses

Costs that change in proportion to the level of production or sales activities.

Break-even Point

The point at which total revenue equals total costs, resulting in neither profit nor loss for the business.