Contribution Margin Is

question 15

Multiple Choice

Contribution margin is:

• A) sales less cost of sales.
• B) equivalent to gross profit.
• C) sales less fixed costs.
• D) sales less variable costs.

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Definitions:

Professional Associations

Organizations that aim to further a particular profession, protect the interests of its members, and improve professional standards, education, and ethics.

Environmental Scanning

The process of collecting information about external forces that can impact an organization's success, to assist in strategic planning.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, primarily driven by international trade and investment and aided by information technology.

Labour Market

The supply and demand for labor, where employers seek to hire workers and workers seek employment.