Selling Price Per Unit Less Variable Costs Per Unit Is

question 63

Multiple Choice

Selling price per unit less variable costs per unit is known as:

• A)contribution margin.
• B)direct cost.
• C)avoidable cost.
• D)all of the above.

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Definitions:

Prior Commitment

An individual’s agreement in advance to be responsible if trouble occurs: for example, committing oneself to protect the property of another person against theft.

Social Role Theory

A theory that suggests much of social behavior can be understood by the roles individuals assume, which are influenced by societal norms and expectations.

Moriarty

Typically refers to Professor James Moriarty, a fictional character in the Sherlock Holmes stories by Sir Arthur Conan Doyle, often depicted as Holmes' archenemy.

Fear of Social Blunders

This refers to the anxiety or apprehension individuals may feel about committing errors in social situations that could lead to embarrassment or ridicule.