_____ Is a Key Member and Leader of a Steering

question 52

Multiple Choice

_____ is a key member and leader of a steering committee in systems development who has final approval of all requests for changes in project scope,budget,and schedule.

• A) The project sponsor
• B) A systems analyst
• C) The project manager
• D) A programmer

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Definitions:

Contribution Margin Ratio

The percentage of each dollar of sales that is available to apply to fixed costs and contribute to net income; calculated as unit contribution margin divided by unit selling price.

Unit Contribution Margin

The amount of revenue remaining per unit after deducting variable costs; calculated as unit selling price minus unit variable costs.

Unit Sales Price

The amount that a business charges for one unit of its product or service.

High-Low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.