According to the 2010 U

question 1

Multiple Choice

According to the 2010 U.S.Census,more than 40% of the population was 60 years old and older.This age class of citizens represents a very large population that will have a significant impact on the country with regard to economics,politics,health care,employment,and so on.This group is collectively referred to as _____,and the country will undoubtedly change in many ways to accommodate these valued members of society.

• A) Generation X
• B) Millennials
• C) Baby boomers
• D) Postwar citizens

---

Definitions:

Variable Production Costs

Costs that change in direct proportion to changes in the level of production, such as raw materials and hourly labor.

Fixed Production Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance, ensuring stability in production costs despite output variations.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes, interest, and depreciation.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.