Which One of the Following Is Not an Element in the Business

question 89

Multiple Choice

Which one of the following is not an element in the business environment?

• A) The economic and legal environment
• B) The technological environment
• C) The agricultural environment
• D) The social environment

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs are subtracted, indicating the portion contributing to covering fixed costs and generating profit.

Fixed Monthly Expenses

Recurring costs that do not vary in amount and are paid on a monthly basis, such as rent or loan payments.

Net Operating Income

Earnings from a company's core business operations, excluding deductions for interest and taxes.

Margin Of Safety

The excess of budgeted or actual dollar sales over the break-even dollar sales.