The Year 2001 Was the ____ Consecutive Year the U

question 48

Multiple Choice

The year 2001 was the ____ consecutive year the U.S. federal government had been running a budget ____.

• A) fourth; surplus
• B) fourth; deficit
• C) twenty-eighth; surplus
• D) twenty-eighth; deficit
• E) secon

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Definitions:

Monthly Sales

The total amount of sales revenue generated within a calendar month.

Net Operating Income

The total profit of a business after operating expenses are subtracted from gross revenue, but before taxes and interest are deducted.

Variable Expenses Per Unit

Costs that change directly in proportion to changes in production or sales volume, calculated on a per unit basis.

Fixed Expenses

Expenses that remain constant regardless of production volume or sales efforts, like lease payments or wages.