What Is Represented by a Profit-Volume Graph

question 47

Multiple Choice

What is represented by a profit-volume graph?

• A)It measures profit or loss on the horizontal axis.
• B)It illustrates total revenues,total cost,and profits at various sales volumes.
• C)It is not subject to the same limiting assumptions as cost-volume-profit graphs.
• D)It illustrates the relationship between volume and profits.

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Definitions:

Mutual

Pertaining to a shared feeling, relationship, or responsibility between two or more parties.

Exchange

The act of giving one thing and receiving another in return.

Exchange Relationships

Interpersonal connections based on reciprocal exchange of benefits or favors.

Societal Progress

The development and improvement of society in terms of economic, social, cultural, or technological aspects.