The Difference Between Sales and Variable Costs Is Called

question 109

Multiple Choice

The difference between sales and variable costs is called:

• A) net income.
• B) gross profit
• C) contribution margin.
• D) cost of goods manufactured.

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Definitions:

CERCLA

The Comprehensive Environmental Response, Compensation, and Liability Act, a U.S. law designed to facilitate the cleanup of hazardous waste sites and to hold responsible parties accountable for environmental damage.

Toxic Waste Dump

A site for the disposal of hazardous materials that can pose a threat to health, safety, or the environment.

Clean Water Act

A significant United States federal law establishing the structure for regulating water pollution and aiming to maintain and restore the cleanliness of waters.

Wetlands

Areas of land where saturation with water is the dominant factor determining the nature of soil development and the types of plant and animal communities living in the soil and on its surface.