Statements: (1) the Measured Numbers 244,000 and 0

question 32

Multiple Choice

Statements: (1) The measured numbers 244,000 and 0.000244 contain the same number of significant figures.
(2) One cubic centimeter is equal to ten milliliters.
(3) The conversion factor 1 in/2.54 cm, when used as written, would decrease unit size.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

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Definitions:

Net Operating Income

A financial metric indicating the profitability of a business's core operations, calculated by subtracting operating expenses from gross income.

Contribution Format Income Statement

An income statement that separates fixed and variable costs, highlighting the contribution margin of sales over variable expenses, useful for decision-making and breakeven analysis.

Net Operating Income

The profit realized from a business's operations after subtracting all operating expenses from operating revenues.

Contribution Margin

The amount by which a product's selling price exceeds its total variable costs, used to cover fixed costs and contribute to net profits.