Americans Are More Likely to Join Than Are Citizens of Other

question 11

Multiple Choice

Americans are more likely to join than are citizens of other countries.

• A)labor unions
• B)business and trade associations
• C)charitable organizations
• D)religious and civic associations
• E)professional organizations

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Definitions:

Variable

A quantity that can change or vary, often used in mathematics and statistical analysis as well as in economic models to represent changing economic indicators.

Fixed Cost

Costs that do not vary with the level of production or sales over a certain range, such as rent, salaries, and insurance.

Direct Materials

Direct materials are raw materials that are directly traceable to the manufacturing of a product and are a significant component of its cost.

Fixed Costs

Costs that remain constant in total regardless of changes in the level of activity or volume of production.