Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A)contribution margin contributes to profits.
• B)contribution margin contributes to fixed costs.
• C)contribution margin contributes to variable costs.
• D)Both A and B.

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Definitions:

Income Inequality

The unequal distribution of individual or household income across the various participants in an economy, contributing to varying levels of wealth within a society.

Quintile Shares

refer to the division of a population into five equal groups based on a particular variable, typically used for analyzing income distribution.

Statistics

A branch of mathematics dealing with data collection, analysis, interpretation, and presentation.

Poor People

Individuals or groups living below the poverty line, often struggling with lack of financial resources, access to basic needs, and opportunities.