Which of the Following Statements Is True Concerning Where Ethnic

question 99

Multiple Choice

Which of the following statements is true concerning where ethnic families live?

• A)Ethnic families tend to live mainly on the west coast or east coast.
• B)Ethnic families tend to move to areas with few other ethnic families to avoid competition for jobs.
• C)Ethnic families tend to cluster in areas with established immigrant communities that can help newcomers find housing and jobs.
• D)Federal government policies have encouraged immigrants to live in many different geographic regions.

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Definitions:

Contribution Margin Ratio

The contribution margin ratio calculates the proportion of sales revenue that exceeds variable costs, showing what portion of sales contributes to covering fixed costs and generating profit.

Selling Price

The amount at which a product or service is sold to customers, determined by factors such as market demand, production costs, and competition.

Variable Cost

Costs that vary directly with the level of production or business activity.

Sales Dollars

The revenue generated from goods or services sold, expressed in dollars.