The Value That Tells You the Planned Value of Work

question 20

Multiple Choice

The value that tells you the planned value of work that has actually been completed is the

• A) SV.
• B) PV.
• C) EV.
• D) AC.
• E) CV.

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Definitions:

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed costs and profit.

Break-Even Point

The level of production or sales at which total revenues equal total costs, resulting in neither profit nor loss.

Sales Mix

The combination of products that a company sells, which can affect profitability due to different margins on each product.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent or salaries.