On a CVP Graph,the Intersection of the Sales Revenue Line

question 13

Multiple Choice

On a CVP graph,the intersection of the sales revenue line and the variable expense line is known as:

• A)the margin of safety point.
• B)the breakeven point.
• C)the unit contribution margin.
• D)none of the above.

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Definitions:

Admittance Fee

A charge for entering a place or participating in an event, often used in contexts like museums, parks, or exhibitions.

Private Good

A product or service that is consumed by a single person or household, excluding others from using it.

Cable TV Service

A system of delivering television programming to consumers via radio frequency signals transmitted through coaxial cables or digital light pulses through fiber-optic cables.

Excludable

A characteristic of a good or service that allows owners or producers to prevent others from using it without paying.