Dependency Is Decreased When the Resource You Control Is ________

question 67

Multiple Choice

Dependency is decreased when the resource you control is ________.

• A) important
• B) scarce
• C) easily replaced
• D) insufficient
• E) static

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Definitions:

Contribution Margin Ratio

A financial ratio that measures the profitability of a product by subtracting variable costs from sales and dividing the result by total sales.

Operating Income

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

Fixed Costs

Expenses that do not change in proportion to the level of goods or services produced within a certain range.

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.