When You Lease Your Apartment from the Corporation That Owns

question 151

Multiple Choice

When you lease your apartment from the corporation that owns the building and your lease is an ownership share,your apartment is

• A)expensive.
• B)a cooperative.
• C)a condominium.
• D)a duplex.
• E)permanent.

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Definitions:

Fixed Costs

Expenses that do not change with the amount of goods or services produced by a business, such as rent, salaries, and insurance.

Accounting Break-even

The point at which a business's revenues equal its expenses, resulting in no net profit or loss, as determined by accounting methods.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes to fixed costs and profit.

Accounting Break-even

The point at which a company's revenues exactly cover its expenses, leading to a net income of zero.