________ Is 100 Percent Minus Total Variable Operating Costs as a Percentage

question 28

Multiple Choice

________ is 100 percent minus total variable operating costs as a percentage of total sales.

• A) Profit margin
• B) Contribution margin
• C) Expense ratio
• D) Fixed coverage ratio

---

Definitions:

Democratic

Pertaining to a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

'Least-preferred co-worker'

A concept used in Fiedler's contingency theory to gauge a leader's task or relationship orientation based on their description of a difficult co-worker.

Play-oriented

An approach or attitude focusing on play and enjoyment, often in the context of learning or creative activities.

Group-centred

Focused on or revolving around the interests and needs of the group as a whole.