Match Each Item with the Correct Statement Below

question 142

Multiple Choice

Match each item with the correct statement below.
-A measure of the sensitivity of profit changes to changes in sales volume.

• A)break-even point
• B)Common fixed expenses
• C)Contribution margin
• D)Direct fixed expenses
• E)Margin of safety
• F)Operating leverage
• G)Degree of operating leverage
• H)Sales mix

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Definitions:

Probability

The likelihood or chance of an event occurring.

Face Card

In a deck of playing cards, refers to any card that depicts a figure or a face, specifically jack, queen, or king, contrary to numeral cards.

Standard Deck

Refers to a complete set of 52 playing cards comprising four suits: hearts, diamonds, clubs, and spades, each suit containing numbered cards and face cards.

King of Spades

A playing card in a standard deck of 52 cards, recognized by the imagery of a king and the spades suit.