Explanatory Studies

question 4

Multiple Choice

Explanatory studies:

• A)can employ qualitative, quantitative, and/or mixed methods.
• B)always use qualitative methods.
• C)always use quantitative methods.
• D)none of these.

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Definitions:

Fixed Monthly Expenses

Costs that do not vary in the short term, regardless of business volume or activity levels, and are incurred on a monthly basis.

Net Operating Income

The profit generated from a company's everyday business operations, calculated by subtracting operating expenses from revenue.

Contribution Format

A profit reporting format that separates fixed and variable costs, highlighting the contribution margin.

Total Contribution Margin

The total earnings available after variable costs have been deducted from revenue, used to cover fixed costs and contribute to profit.