Contribution Is Defined as the Amount by Which Price Exceeds

question 133

True/False

Contribution is defined as the amount by which price exceeds variable cost per unit. Contribution stated as a percent of price is known as contribution margin.

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Definitions:

Enzyme

Biomolecules that act as catalysts, speeding up specific biochemical reactions in the body without being consumed in the process.

Protein Catalyst

Enzymes that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Chemical Reaction

A process that involves rearrangement of the molecular or ionic structure of substances, not involving a change in physical state.

ATP

Adenosine Triphosphate, a molecule that stores and transfers energy within cells, enabling metabolic processes.