Match Each Following Terms with Their Correct Description from the Items

question 149

Multiple Choice

Match each following terms with their correct description from the items listed below.
-Measured in dollars

• A)horizontal-axis of cost-volume-profit graph
• B)vertical-axis of cost-volume-profit graph
• C)slope of revenue line
• D)slope of cost line
• E)point where the total revenue line and the total cost line intersect

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Definitions:

Personal Income

The total annual income received by an individual, including wages, dividends, interest, and any other sources of income before taxes.

Purchases

Purchases are transactions where goods or services are bought in exchange for money, contributing to consumer spending and economic activity.

Services

Economic activities that provide intangible products, such as healthcare, entertainment, and financial services, to consumers.

Cottage Industry

A small-scale industry where products are handcrafted in a home-setting, often involving traditional methods.