The Process of Putting Off What Needs to Be Done

question 2

Multiple Choice

The process of putting off what needs to be done is called:

• A) procrastination.
• B) laziness.
• C) prejudice.
• D) indifference.

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Definitions:

Fixed Costs

Costs that remain constant and do not change based on the volume of goods or services a business produces.

Required Sales

The amount of sales a company needs to achieve in order to cover its costs and reach a desired level of profit.

Net Income

The company's earnings following the deduction of all taxes, expenses, and costs from its total revenue.

Contribution Margin Ratio

A financial metric that measures the ability of a company to cover variable costs with its revenue.