Measurements Are Made at Two Different Times $- 50$ Percentage Points Percentage Change

question 84

Multiple Choice

Measurements are made at two different times. Find the absolute change and then find the percentage change. Roundanswers to the nearest tenth if necessary.
-Last year the Mayor of the town of Little Heath had an approval rating of 71%. This year his approval rating had fallen to 21%.

• A) Absolute change: 50 percentage points
• B) Absolute change: \(- 50\) percentage points Percentage change: \(238.1 \%\) Percentage change: \(- 70.4 \%\)
• C) Absolute change: \(- 50\) percentage points
• D) Absolute change: \(- 50\) percentage points Percentage change: \(- 238.1 \%\) Percentage change: \(- 7 \%\)

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Definitions:

Factory Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaried staff, that are not directly tied to specific units of production.

Salesperson Commissions

Payments made to sales staff based on the value or volume of sales they achieve, serving as an incentive.

Nonmanufacturing Cost

Expenses not directly involved in the production of goods, such as sales, marketing, and administrative costs.

Direct Materials Used

The raw materials that are directly incorporated into a finished product and can easily be traced to it.