If Fixed Costs Are $450,000 and the Unit Contribution Margin

question 30

True/False

If fixed costs are $450,000 and the unit contribution margin is $50, the sales necessary to earn an operating income of $50,000 are 10,000 units.

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Definitions:

Behavioral Approach

A perspective in psychology and management focusing on understanding human behavior through observation and empirical data, often emphasizing the environment's role on behavior.

Multivariate Analysis

A set of statistical techniques used for analysis of data that involves multiple variables to understand relationships and patterns.

Contingency Approach

A management theory that suggests the most appropriate management style or approach depends on the specific aspects of the situation at hand.

Chaos Theory

A branch of mathematics focusing on the behavior of dynamical systems that are highly sensitive to initial conditions, often leading to unpredictable and complex outcomes.