INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 137

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Your [level of education | age] will usually have no effect on your earning capacity.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

---

Definitions:

Net Income

Net Income is the total earnings of a company after all expenses and taxes have been subtracted from total revenue, indicating profitability.

Contribution Margin Ratio

A measure that indicates the percentage of each sales dollar that contributes to covering fixed costs and generating profit.

Target Profit

The amount of net income that a company aims to achieve within a specific time frame.

Fixed Expenses

Costs that remain constant for a given period of time regardless of the level of production or business activity.