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Miriam Is in 2nd Grade

question 214

Multiple Choice

Miriam is in 2nd grade.When her classmates are asked who she is,they have difficulty remembering her and find it hard describing her.She is neither liked nor disliked by her classmates,but for the most part,goes unnoticed.From the four categories of social status,Miriam would fall into the category of ____.

Definitions:

Net Operating Income

Earnings from a company's core business operations, excluding deductions for interest and taxes.

Gross Margin

represents the difference between revenue and cost of goods sold divided by revenue, showcasing the percentage of sales that exceeds the cost of goods sold.

Arbitrary Allocation

The distribution of indirect costs to specific cost objects without a clear or direct basis, often based on convenience or convention rather than actual usage or benefits derived.

Common Cost

A cost that is incurred to support a number of cost objects but that cannot be traced to them individually. For example, the wage cost of the pilot of a 747 airliner is a common cost of all of the passengers on the aircraft. Without the pilot, there would be no flight and no passengers. But no part of the pilot’s wage is caused by any one passenger taking the flight.