The Level of Sales Revenue or Volume Which Is Required

question 85

True/False

The level of sales revenue or volume which is required in order for the organization to cover all of its costs is called the contribution margin.

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Definitions:

Loss

A decrease in value, resources, or money typically as a result of a business transaction, investment, or unforeseen events.

Postdated

Pertaining to a check or other document that bears a date later than the actual date it was written, to be cashed or deposited at that later date.

Liable

Legally responsible or obligated, as in being held accountable for an action or in relation to a debt or infringement.

Charges

Fees or financial obligations imposed on an individual or entity for services, penalties, or debts.