The U.S.Census Data on Race and Ethnicity

question 40

Multiple Choice

The U.S.Census data on race and ethnicity:

• A) is the only completely accurate measure of race in the United States.
• B) is constantly changing because of problems of definition and categorization.
• C) has become increasingly accurate over the last four decades.
• D) is completely wrong and has no use at all as national data.
• E) is no longer collected.

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Definitions:

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in a profit of zero.

Unit Selling Price

The price for which a single unit of a product is sold, not including any additional fees or charges.

Fixed Costs

Expenses that do not change in response to the level of goods or services produced by the business, such as rent or salaries.

Operating Income

Represents the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold from gross revenue.