Which of the Following Accurately Pairs a High-Paying Service Industry

question 19

Multiple Choice

Which of the following accurately pairs a high-paying service industry with a low- paying one?

• A)retail trade -- personal services
• B)transportation -- communication
• C)professional services -- finance
• D)wholesale trade -- retail trade
• E)insurance -- public administration

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Definitions:

Variable

An element or factor that can change or vary, affecting the outcome of mathematical models, experiments, or financial projections.

Fixed

Pertaining to costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

Mixed

Pertaining to costs or variables that have both fixed and variable components, changing with the level of activity but not directly proportional to it.

Selling Price

The cost at which consumers can purchase a product or service.