The Subject of Charles Sumner's Speech That Led to His

question 11

Multiple Choice

The subject of Charles Sumner's speech that led to his beating on the floor of Congress was

• A)the hanging of John Brown.
• B)the Dred Scott Decision.
• C)the Compromise of 1850
• D)the Fugitive Slave Act
• E)"Bleeding Kansas."

---

Definitions:

Unrecoverable Costs

Expenses that have been paid and cannot be recovered, often referred to as sunk costs, which should not factor into future spending decisions.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, or loan repayments.

Variable Costs

Expenses that vary directly with the amount of production output of a company.

Purely Competitive Industry

Characterized by many firms selling identical products, where no single firm can influence the market price, ensuring competition based on price.