Which of the Following Can Be Considered a Measure of Risk

question 23

Multiple Choice

Which of the following can be considered a measure of risk in cost-volume-profit analysis?

• A) fixed cost
• B) margin of safety
• C) contribution margin
• D) contribution margin ratio

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Definitions:

Widespread Famine

A severe shortage of food across a large geographic area, leading to widespread hunger and malnutrition.

Tragedy Of The Commons

The tendency for commonly owned natural resources to be overused, neglected, or degraded because their common ownership gives nobody an incentive to maintain or improve them.

Garrett Hardin

An ecologist known for his work on environmental issues and for introducing the concept of the "Tragedy of the Commons."

Overfishing

A situation where fish are caught at a pace faster than they can reproduce, leading to a depletion of fish stocks, which can jeopardize marine ecosystems and the economic sustainability of fishing industries.