The Declaration of the Rights of Man and the Citizen

question 32

Multiple Choice

The Declaration of the Rights of Man and the Citizen:

• A)was never accepted by Louis XVI and thus never went into effect.
• B)was renounced two years later in favor of the Constitution of 1791.
• C)gave equal political and social rights to all men and women.
• D)was a moral document specifying the natural rights of human beings.
• E)was written by Jean-Jacques Rousseau and formed the basis for the French Revolution.

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Definitions:

Variable Costs

Disbursements that are contingent upon the magnitude of production or sales transactions.

Contribution Margin

The amount by which the sale of a product or service exceeds its variable costs, contributing to covering fixed costs and generating profit.

Variable Cost

A cost that varies directly with the level of production or sales volume.

High-low Method

A method applied in cost accounting that calculates fixed and variable expenses by analyzing the maximum and minimum activity levels.