____ is a measure of the sensitivity of profit changes to changes in sales volume. It measures the percentage change in profits resulting from a percentage change in sales
A) Contribution margin ratio
B) Variable cost ratio
C) Operating leverage
D) Degree of operating leverage
E) Profit ratio
D
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The sales of the Apple watch increased when customers were informed about various functions of the watch. This change in sales reflects which of the following characteristics of innovation?
A) relative advantage B) communicability C) compatibility D) complexity E) divisibility
A corporation has a $40,000 credit balance in the Income Tax Payable account. Period end information shows that the actual liability is $47,000. The company should record an entry to debit Income Tax Expense for $7,000 and credit Income Taxes Payable for $7,000.
Answer the following statement true (T) or false (F)
Once Fourth Amendment protections have been triggered, the next stage in the analysis requires that we focus on:
A. the reasonableness of the search or seizure. B. any secret agenda behind the search or seizure. C. the time of day of the search. D. the private citizens who conducted the search.
A service-focused firm offers a narrow range of services to a fairly broad market
Indicate whether the statement is true or false