A Cost-Volume-Profit Chart Is Also Known as A(n)

question 168

Multiple Choice

A cost-volume-profit chart is also known as a(n)

• A) Operating profit chart.
• B) Operating leverage chart.
• C) Break-even chart.
• D) Margin of safety chart.
• E) Sales chart.

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Definitions:

Rescission

The revocation, cancellation, or repeal of a contract, returning all parties involved to their positions prior to the agreement.

Restitution

The act of compensating for loss, damage, or injury caused; involves returning to the original state or compensating for loss.

Breach Of Contract

Neglecting to comply with any aspect of a contract, documented or verbal, without a lawful excuse.

Rescission

The legal act of cancelling or terminating a contract, returning the parties, as much as possible, to their positions prior to entering the agreement.