Use the Information Below to Answer the Following Question(s)

question 118

Multiple Choice

Use the information below to answer the following question(s) .
Express Bus Company operates a bus route that takes passengers from Cleveland to Chicago every day. Assume the bus tickets sell for $50 per rider; the bus line's variable costs are $35 per rider; and its fixed costs are $75,000 each month.
-What is the contribution margin ratio at Express Bus Company?

• A) 70%
• B) 30%
• C) 333%
• D) 15%

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Definitions:

Hostility

An attitude or behavior characterized by antagonism or aggression towards others, often manifesting in negative interactions.

Overgeneralized

The extension of a rule or conclusion to broader situations than those to which it is applicable.

Groupthink

A psychological phenomenon where the desire for harmony in a decision-making group results in an irrational or dysfunctional decision-making outcome.

Leader

An individual who guides or directs a group towards achieving common goals through influence, vision, and communication.