If the contribution margin is not sufficient to cover fixed expenses:
A. contribution margin is negative.
B. total profit equals total expenses.
C. a loss occurs.
D. variable expenses equal contribution margin.
Answer: C
You might also like to view...
Audit trails in computerized systems are comprised of two types of audit logs: detailed logs of individual keystrokes and event-oriented logs
Indicate whether the statement is true or false
The scientific method is best used in organizational behavior because it allows for ______.
A. leaders to form hypotheses, collect observations, and collect data and test it with statistical techniques B. leaders to collect observations and data and test it with emotional techniques C. leaders to form hypotheses and collect data and disregard observations D. leaders to disprove data and observations and test it with statistical techniques
If the statute of repose for strict liability is five years and an injured party files a suit seven years after the date of purchase of a defective product, the manufacturer or seller of that defective product is relieved of liability
Indicate whether the statement is true or false
The ability of any individual or company to compete, connect, exchange, or collaborate with other individuals or companies around the world is known as ________.
A. globalization B. productivity C. virtual workforce forecasting D. human resource management