The Dollar Amount That Provides for Covering Fixed Costs and Then

question 253

Multiple Choice

The dollar amount that provides for covering fixed costs and then provides for operating income is called ________.

• A) variable cost
• B) total cost
• C) contribution margin
• D) margin of safety

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Definitions:

Levels

Distinct layers or degrees within a structure, organization, or system, often used to describe rankings, stages of development, or the complexity of something.

Causal Influence

The effect that one variable, event, or action has in directly causing another.

Research Method

A systematic approach to investigating questions or hypotheses by collecting and analyzing data.

Experiment

A method of research in the sciences and social sciences where variables are manipulated to observe the effects on some behavior or mental process.