Which of the Following Is a Correct Definition of Operating

question 152

Multiple Choice

Which of the following is a correct definition of operating income?

• A) Sales minus variable expenses.
• B) Sales minus variable expenses and traceable fixed expenses.
• C) Contribution margin minus traceable and common fixed expenses.
• D) Income before interest and taxes (EBIT).

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Definitions:

Personal Interests

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Ethical Standards are the principles that govern the behavior of individuals and organizations, ensuring actions are conducted in a morally upright and fair manner.

National Business Ethics Survey

A research survey that assesses the ethical climate, practices, and challenges within national businesses.