The Contribution Margin Ratio Is the Percent of Each Sales

question 211

True/False

The contribution margin ratio is the percent of each sales dollar that remains after deducting the total unit variable cost.

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Definitions:

Primary Stakeholder

Individuals or groups most directly affected by a corporation's activities, policies, and practices, often including employees, customers, and investors.

Ethics-Auditing Process

A systematic review of an organization's ethical policies and practices to ensure they are followed and to identify areas for improvement.

Unqualified Opinion

An auditor's statement indicating that financial statements give a true and fair view of a company's financial position and performance without any exceptions.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.