What Was the Significance of the Battle of Yorktown

question 102

Multiple Choice

What was the significance of the Battle of Yorktown?

• A) It was an American victory that inspired the French to ally with the Americans.
• B) It resulted in British surrender and evaporated British public support for the war.
• C) It is considered a turning point for the Americans following a dismal period.
• D) It is considered the first battle in what would become the Revolutionary War.
• E) It was the first major defeat for British troops and revealed the war would be longer than they thought.

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Definitions:

Unit Variable Cost

The cost associated with producing one additional unit of a product, which includes labor, materials, and other variable expenses.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Total Costs

The complete sum of all expenses, both fixed and variable, incurred in the production of goods or services.

Break-even Quantity

The number of units that must be sold to cover all costs, after which profit begins to be generated.