Which of the Following Statements Is Incorrect

question 98

Multiple Choice

Which of the following statements is incorrect?

• A)If a person is accused of a crime,the prosecutor must establish "beyond a reasonable doubt" that he or she is guilty of the offence.
• B)The huge bonuses that executives at U.S.financial institutions took for themselves after the government bailout may be viewed as morally reprehensible,but it is doubtful that any law was broken.
• C)"You were there at noon on the day the event occurred,weren't you?" would be allowed on cross-examination.
• D)If a person drinks and drives and injures someone,he or she can usually rely on intoxication as a defence.
• E)If two parties include a clause in a contract that stipulates that any disputes will be resolved by arbitration,it is unlikely a court would hear the case if one of the parties decided to litigate instead of relying on arbitration.

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar that is available to cover the fixed costs and provide an operating income. Also called profit-volume ratio.

Contribution Margin

The income left over after subtracting variable expenses, which is utilized to pay for fixed costs and create earnings.

Sales

Sales refer to the transactions where goods or services are exchanged for money, contributing to a company's revenue.

Sales Mix

The relative distribution of sales among a company’s various products. Also referred to as product mix.