Which of the Following Is True Regarding the Contribution Margin

question 151

Multiple Choice

Which of the following is true regarding the contribution margin ratio of a single product company?

• A) As fixed expenses decrease, the contribution margin ratio increases.
• B) The contribution margin ratio multiplied by the variable expense per unit equals the contribution margin per unit.
• C) If sales increase, the dollar increase in net operating income can be computed by multiplying the contribution margin ratio by the dollar increase in sales.
• D) The contribution margin ratio increases as the number of units sold increases.

Recognize professional behavior and ethics required in the paralegal field.

Identify essential skills and competencies necessary for paralegals, including analytical and organizational skills.

Describe the continuing education requirements for maintaining paralegal certifications.

Understand the impact of technology and specific software knowledge necessary for paralegals.

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Definitions:

Primed

The cognitive process by which exposure to a stimulus influences response to a later stimulus, making it more likely to occur.

Serial Position Effect

A memory effect where items at the beginning and end of a list are more easily recalled than those in the middle.

Grocery Items

Products sold in a grocery store, including food, beverages, household goods, and other consumables.

State-dependent Memory

The phenomenon where information learned in a particular state of consciousness is more easily recalled when in that same state of consciousness.