All the Following Statements Describe the Affluence of the 1950s

question 3

Multiple Choice

All the following statements describe the affluence of the 1950s except

• A) Federal spending was a major stimulus for economic growth.
• B) Electronics became one of the nation's largest industries.
• C) About 60 percent of Americans owned homes by the end of the decade.
• D) All of these choices
• E) None of these choices

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Definitions:

Variable Cost

A variable cost varies directly with the level of production or sales volume, such as materials and labor costs.

Operating Income

Earnings before interest and taxes (EBIT), a measure of a company's profitability from regular business operations.

Transfer Price

The price at which goods and services are sold between divisions within the same company or between a company and its subsidiary.

Variable Cost

Costs that fluctuate directly with changes in production or sales volume.