University Review Boards

question 5

Multiple Choice

 University review boards

• A) supervise the use of humans, but not animals, in research.
• B) are composed of research faculty with expertise in the areas under study.
• C) supervise the use of animals, but not humans, in research.
• D) include a faculty member from a nonscience discipline.

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Definitions:

Contribution Margin Ratio

The percentage of each sale that remains after variable costs are deducted, indicating how much revenue is contributing to fixed costs and profit.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in sales, reflecting the proportion of fixed costs in the company's cost structure.

Break-even Point

The point where the amount of goods produced or sold matches the total expenses, leading to neither a profit nor a loss.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and to generate profit.