During the Two Years That Abigail Has Served as President

question 289

Multiple Choice

During the two years that Abigail has served as president of the Crescent Society, several of its members have suffered from insomnia. Thus, in the interests of better sleep for these people, the Society should elect a new president.

• A) No fallacy.
• B) Equivocation.
• C) Weak analogy.
• D) Appeal to ignorance.
• E) False cause.

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Definitions:

Contribution Margin

The difference between the sales revenue of a product and its variable costs, providing insight into how much revenue contributes towards fixed costs and profit.

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance.

Opportunity Cost

The loss of potential gain from other alternatives when a particular alternative is chosen.

Variable Manufacturing Costs

Costs in manufacturing that vary with the level of production output, including direct labor, materials, and utilities.