Match Each of the Following Terms to Its Definition

question 37

Multiple Choice

Match each of the following terms to its definition:
I. web-based
II. open source
III. project management
IV. personal information manager
V. proprietary

• A) software used to keep track of appointments
• B) software that is hosted on a website
• C) software used to track tasks and coordinate resources
• D) software which must be purchased
• E) software code that is freely available

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Definitions:

Fixed Monthly Expenses

Regular expenses that do not vary in amount from month to month, such as rent and salaries.

Net Operating Income

A measure of a company's profitability from its regular, core business operations, excluding deductions of interest and taxes.

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.