The Excess of Revenue Over Variable Costs Is Referred to As

question 47

Multiple Choice

The excess of revenue over variable costs is referred to as:

• A) gross profit
• B) gross margin
• C) contribution margin
• D) manufacturing margin

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Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, or other personal characteristics rather than job performance or qualifications.

Personal Prejudices

Preconceived opinions or biases held by an individual that are not based on reason or actual experience.

Higher Costs

An increase in the expenses associated with production, operation, or acquisition in business or personal finances.

Worker Productivity

Worker productivity measures the output of goods and services produced per unit of labor input, often considered over a specific period of time.