Each Year, 21

question 72

Multiple Choice

Each year, 21.7 million Americans move from one residence to another within the same state.This type of migration is known as

• A)immigration.
• B)emigration.
• C)internal migration.
• D)international.

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Definitions:

Total Costs

The complete amount of expenses incurred by a business to produce, market, and sell a product or service, including fixed and variable costs.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums.

Sales Commissions

Financial compensation awarded to sales personnel for meeting or exceeding sales targets, often a percentage of the sales they generate.

Materials

The physical substances or components needed to create a product or to carry out a service or process.