When a Contribution Margin Format Is Used for Reporting, Expenses

question 51

True/False

When a contribution margin format is used for reporting, expenses are grouped according to the functions (e.g. sales and distribution, financial) carried out by the organisation.

---

Definitions:

Paris Peace Agreement

Refers to the 1973 agreements intended to establish peace in Vietnam and end the Vietnam War, involving the United States, North Vietnam, South Vietnam, and the Viet Cong.

Senator George McGovern

An American politician and historian who served as a United States Senator and was the Democratic presidential nominee in 1972.

Electoral System

The set of rules that determine how elections and referendums are conducted and how their results are determined, including mechanisms for voting and electing representatives.

Democratic Party

One of the two major contemporary political parties in the United States, historically associated with progressive social policies and a strong federal government.