In a Cost-Volume-Profit Graph, the Slope of the Total Revenue

question 13

Multiple Choice

In a cost-volume-profit graph, the slope of the total revenue line represents

• A)the selling price per unit.
• B)the contribution margin per unit.
• C)the variable cost per unit.
• D)total contribution margin.

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Definitions:

Ratify

To officially approve or confirm, often used in the context of validating agreements or contracts.

Actual Authority

The power that an agent or representative has been formally given by a principal to conduct specific acts.

Apparent Authority

Apparent Authority deals with the perception by a third party that an agent has the power and authority to act on behalf of the principal, even if such authority hasn't been explicitly granted.

Time

In a general sense, it refers to the continued sequence of existence and events occurring in an irreversible succession from the past, through the present, to the future.