Total Variable Cost Divided by Price Is

question 26

Multiple Choice

Total variable cost divided by price is

• A) variable cost ratio.
• B) revenue ratio.
• C) contribution ratio.
• D) sales ratio.
• E) degree of operating leverage.

---

Definitions:

Economic Problems

Challenges that affect the economy as a whole, such as inflation, unemployment, and recession.

Government Involvement

The role played by a government in regulating and participating in economic activities, including implementing policies that affect the economy.

Federal Spending

Expenditures by the federal government on various programs, infrastructure, and services, financed by taxes and other revenues.

Payroll Tax

Obligations enforced on either the workforce or the employers, generally estimated as a share of the compensation employers offer to their staff.