Select the Incorrect Break-Even Equation from the Following

question 107

Multiple Choice

Select the incorrect break-even equation from the following:

• A) Total contribution margin = total variable costs
• B) Total contribution margin = total fixed costs
• C) Total fixed costs ÷ contribution margin ratio = break-even sales in dollars
• D) Total revenue = total costs

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Definitions:

Factor Analysis

Analyzing correlations among items to see which form related clusters.

Basic Traits

Fundamental personality characteristics that are thought to be universal and relatively stable over time.

Factor Analytic

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Big Five

An approach that defines personality in humans by five primary factors: openness, conscientiousness, extraversion, agreeableness, and neuroticism.