All of the Following Were True of the Pilgrims EXCEPT

question 26

Multiple Choice

All of the following were true of the Pilgrims EXCEPT they

• A) were also known as Separatists.
• B) arrived in the New World on the ship the Mayflower.
• C) arrived at their original destination with no casualties.
• D) chose Plymouth Bay as their landing site in 1620.
• E) were without legal right to the land and specific authority to establish a government.

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar remaining after deducting variable costs, indicating how much contributes to covering fixed costs and generating profit.

Operating Income

Income generated from a company's regular business operations, excluding expenses such as taxes and interest charges.

Variable Costs

Expenses that vary directly with the level of production or sales, such as materials and labor.

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in zero profit or loss.