Which Is the Most Accurate Statement

question 58

Multiple Choice

Which is the most accurate statement?

• A)A concentration ratio of 100 would mean that just one firm has 100% of that industry's sales.
• B)No industry in the U.S.has a concentration ratio of 100.
• C)Food services like McDonald's and Wendy's have a concentration ratio of less than 50.
• D)The lower the concentration ratio,the higher the degree of oligopolization.

Understand and calculate the contribution margin under variable costing.

Comprehend the concept and calculation of break-even sales for a company or its divisions.

Master the ability to allocate and interpret common fixed expenses across divisions.

Understand the significance of fixed and variable expenses in cost-volume-profit analysis.

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Definitions:

Fishing Boat

A vessel used to catch fish in the sea, or on a lake or river, varying in size from small dinghies to large charter boats.

Boating Accidents

Boating accidents involve collisions, injuries, or damages that occur on watercraft, often requiring investigation and possible legal action to determine liability and seek compensation.

Actual Cause

Refers to the genuine reason that directly leads to an outcome or event, establishing a clear link between an action and its effect.

Res Ipsa Loquitur

A doctrine in tort law that allows the presumption of negligence by the defendant where the accident could not have happened without negligence and the instrument of injury was under the defendant's control.