When a Perpetrator Gains Possession of Property to Which He

question 37

Multiple Choice

When a perpetrator gains possession of property to which he or she is not legally entitled,s/he completes the crime of

• A)embezzlement.
• B)larceny by trick.
• C)false pretenses.
• D)receiving.

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Definitions:

Contribution Margin

The amount by which sales income exceeds variable expenses, which is utilized to pay off fixed expenses and create profit.

Variable Costs

Expenses that vary in direct proportion to changes in production or sales volume, such as raw materials and direct labor costs.

Sales

Revenue generated from goods or services exchanged by an entity during its normal business operations.

Break-even Analysis

An assessment to determine the sales volume at which total revenues equal total costs, indicating no net loss or gain.