Hussein Is a Small Business Owner

question 2

Multiple Choice

Hussein is a small business owner.He was a C student in school and does not generally think of himself as very "smart." Nonetheless,Hussein does an excellent job of running his business and dealing intelligently with real -world problems when they arise.According to the triarchic theory of intelligence,which type of intelligence is Hussein demonstrating?

• A)creative
• B)analytical
• C)crystallized
• D)practical

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Definitions:

Fixed Cost

Business expenses that remain constant regardless of the volume of goods or services produced, such as rent, salaries, and insurance premiums.

Switch Break-Even Point

This term refers to the point at which the cost savings or revenue from changing a system or product equals the costs associated with the change.

Variable Cost

Charges that fluctuate according to the volume of production.

Monthly Interest Rate

The interest rate for a period of one month, often used to calculate the interest on loans and financial products on a monthly basis.