Which of the Following Statements Regarding the Ratification Process Is

question 143

Multiple Choice

Which of the following statements regarding the ratification process is incorrect?

• A) It was technically illegal.
• B) It was created in order to bypass state legislatures.
• C) It required unanimity among the states.
• D) It was democratic.
• E) All of the above

---

Definitions:

Contribution Margin Ratio

A financial ratio that measures the proportion of revenue remaining after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Monthly Expenses

Regularly occurring costs that do not vary in amount from one month to the next, such as rent or loan payments.

Net Operating Income

The revenue left over after subtracting operating expenses, but before deducting interest and taxes.

Selling Price

The price at which a product or service is offered for sale to customers.