Match the Term with the Definition

question 23

Multiple Choice

Match the term with the definition.
-In effect from 1781 to 1788, this document defined the Union as a confederation of equal states with no executive, limited powers, and existing primarily to foster a common defense.

• A)Antifederalists
• B)Articles of Confederation
• C)Federalists
• D)gradual emancipation
• E)New Jersey Plan
• F)Newburgh Conspiracy
• G)Northwest Ordinance
• H)republicanism
• I)Shays's Rebellion
• J)three-fifths clause
• K)Treaty of Fort Stanwix
• L)United States Constitution
• M)Virginia Plan

---

Definitions:

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating the portion contributing to fixed costs and profit.

Selling Price

The amount a customer pays to purchase a product or service from a business.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, due to fixed costs in a company's structure.

Net Income

This is the total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.