Put the Following Nations in the Correct Order: (1)richer After

question 203

Multiple Choice

Put the following nations in the correct order: (1) richer after retirement-at least until recently; (2) no government-funded retirement; (3) basic or minimal government assistance,but not much more.

• A)(1)Germany; (2)Mexico; (3)the United States
• B)(1)The United States; (2)Germany; (3)Mexico
• C)(1)Germany; (2)the United States; (3)Jamaica
• D)(1)China; (2)the United States; (3)Germany

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Definitions:

Selling Expenses

Expenses that are incurred directly in the selling of merchandise.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of non-sales personnel, rent, office supplies, and utilities.

Variable Cost Method

A cost-plus method of pricing setting in which only the variable costs are included in the cost amount to which the markup is added.

Fixed Manufacturing Costs

Expenses that do not change with the level of production, such as rent, salaries of permanent employees, and depreciation of factory equipment.