Instructions: Read the Paragraph Below and Answer the Question(s) That

question 1022

Multiple Choice

Instructions: Read the paragraph below and answer the question(s) that follow. (1) The federal minimum wage should be increased to at least $10.00 per hour. (2) First of all, this increase will help families who are living in poverty. (3) Not only will it provide these people with a fairer and more decent rate of pay for their labor, but it will also decrease their need for welfare, food stamps, and other forms of government support. (4) Increasing the minimum wage may also stimulate job growth. (5) According to one 2006 study published by the Fiscal Policy Institute, employment in small businesses grew faster in states that boosted their minimum wage above the federal minimum than in states requiring only the federal minimum. (6) This report also found that total job growth was faster in the states with higher minimum wages. (7) That may be because workers who earn more can spend more, which stimulates the economy. Select the number of the topic sentence in the paragraph above.

• A) Sentence 1
• B) Sentence 2
• C) Sentence 3

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Definitions:

Operating Cash Flow

The amount of cash generated by a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.

Variable Cost

Costs that vary directly with the level of production or volume of output, such as materials and labor.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the company's fixed versus variable costs.

Financial Break-Even

The point at which total revenues are equal to total operational and financial costs, indicating a project or company is not losing money but not making profit either.