The Level of Sales Revenue or Volume Which Is Required

question 43

Multiple Choice

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

• A) equilibrium volume
• B) balanced quantity
• C) contribution margin
• D) break-even point
• E) full contribution point

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Definitions:

Dichotomous Thinking

The tendency to categorize experiences, people, or items into two extreme and opposite groups.

Right Or Wrong

A moral or ethical judgment about actions or decisions based on societal, personal, or legal standards.

Blaming

The act of accusing someone of being responsible for a fault or wrong.

Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.