The gross margin amount is the sum of the full absorption cost and the revenue generated

through sales.

Indicate whether the statement is true or false


FALSE

Business

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An increase in revenue is recorded with a credit

Indicate whether the statement is true or false

Business

A sales territory is not advisable in the life insurance industry. Why?

What will be an ideal response?

Business

What is the definition of "fail point"?

What will be an ideal response?

Business

If Brittany reaches her sales goals for this quarter, she will receive a $2,000 bonus. This part of her compensation is considered ________.

A. base pay B. a wage and salary add-on C. incentive pay D. benefits E. profit sharing

Business