A _____ Is a Column Chart That Shows Frequency on the Vertical

question 46

Multiple Choice

A _____ is a column chart that shows frequency on the vertical axis that is sorted from largest to smallest with a line that shows the cumulative total.

• A) PERT chart
• B) run chart
• C) Gantt chart
• D) Pareto chart
• E) control chart

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Definitions:

Contribution Margin

This metric represents the difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit, essentially restating the importance of covering variable expenses to achieve profitability.

Unit Sold

The quantity of products sold by a company over a specific period.

Selling Price

The amount of money charged for a product or service, determined by factors such as cost, demand, competition, and market conditions.

Contribution Margin

It represents the amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and generate profit.