If an Organization Wants to Make a Profit,it Must Generate

question 103

Multiple Choice

If an organization wants to make a profit,it must generate more sales revenue than the total costs it incurs.This relation can be expressed using which of the following profit equations?

• A)Operating income = [Sales price per unit – Fixed cost per unit x # units produced] – Variable cost
• B)Operating income = [Contribution margin per unit x # units sold] – Fixed costs
• C)Operating income = Sales revenue - Total variable costs - Committed costs
• D)Operating income = Sales revenue - Product costs - Discretionary costs

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Definitions:

Gene-Centered View

A perspective in evolutionary biology that focuses on the role of genes in driving the process of evolution through the survival and replication of those genes that confer a selective advantage.

Evolution by Natural Selection

A process where organisms better adapted to their environment tend to survive and produce more offspring, leading to the prevalence of beneficial traits in a population over generations.

Gene Frequency

The ratio of a particular allele to the total of all other alleles of the same gene in a given population.

Convergent Evolution

The process where organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.