What Was the Main Reason the British Poor Law Did

question 26

Multiple Choice

What was the main reason the British Poor Law did not work?

• A)It was underfunded.
• B)People who enrolled were treated like prisoners.
• C)It worked on a volunteer basis.
• D)It was allowed to expire after fifty years.
• E)Most people did not know about it.

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Definitions:

Fixed Expenses

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

Residual Income

The amount of income that exceeds the minimum rate of return on a project or investment.

Required Rate Of Return

The minimum percentage return an investor expects to achieve from an investment to make it worthwhile, considering the risk.

Contribution Margin Ratio

The percentage of each sales dollar that remains after deducting variable costs, used to cover fixed costs and provide profit.