_____ Refers to What Is Left After a Firm Pays

question 85

Multiple Choice

_____ refers to what is left after a firm pays its variable costs and fixed costs.

• A)Contribution margin
• B)Overhead cost
• C)Profit
• D)Variance
• E)Holding cost

---

Definitions:

Control

The process by which an organization ensures that activities are being executed according to plan and adjusts as necessary to achieve objectives.

Authorize

To officially empower someone or grant permission for something to happen.

Appreciate

To recognize the full worth of something or to be grateful for something or someone.

Subsystem Controls

Mechanisms put in place to monitor and regulate the operations of individual components of a larger system to ensure efficiency and effectiveness.