If a Company Has a Positive Contribution Margin but Net

question 44

Multiple Choice

If a company has a positive contribution margin but net income is low or negative,what are some ways of increasing net income?

• A) Increase sales price
• B) Increase sales volume
• C) Decrease variable costs
• D) All of these are ways to increase net income

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Definitions:

Proficiency

The level of skill or competence that an individual has in a particular area or activity.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment firms.

Position Analysis Questionnaire (PAQ)

A standardized questionnaire used to evaluate job characteristics and determine job requirements.

Job Analysts

Professionals who conduct in-depth analysis of job roles and responsibilities to determine employee requirements, performance standards, and the qualifications needed for a job.