Use This Figure for the Questions That Follow

question 49

Multiple Choice

Use this figure for the questions that follow.

-What country was the primary colonial power in Latin America?

• A) Spain
• B) Britain
• C) Portugal
• D) United States
• E) the Netherlands

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Definitions:

Fixed Cost

Costs that remain consistent regardless of the amount of goods produced or sold, including expenses like rent, wages, and insurance premiums.

Unit Variable Cost

The cost associated with producing one additional unit of product, not including fixed costs.

Process Configuration

Process configuration involves setting up the parameters and operational modes of a process within a manufacturing or service delivery framework.

Intermittent Processes

Production or manufacturing processes characterized by a non-continuous and irregular operation, typically used for custom or non-standard items.