Multiple Choice
Which of the following statements about contribution are correct?
(i) If contribution is a positive figure it contributes, first, to covering fixed costs, and second, to profit.
(ii) In order to calculate contribution it is necessary first to split costs into fixed and variable.
A) (i) only
B) Both of them
C) (ii) only
D) Neither of them
Correct Answer:
Verified
Correct Answer:
Verified
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