What Was the Most Important Factor in Abraham Lincoln's 1864

question 17

Multiple Choice

What was the most important factor in Abraham Lincoln's 1864 reelection victory?

• A) He furloughed Union soldiers so that they could vote for him.
• B) Atlanta fell to Union forces in September 1864.
• C) There was no organized political opposition to his re-election.
• D) Lincoln's lenient plan for postwar reconstruction appealed to many.
• E) He issued the Emancipation Proclamation.

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Definitions:

Period Cost

Costs that are not directly tied to the production process and are expensed in the period in which they occur, such as selling, general, and administrative expenses.

Total Variable Cost

The sum of all costs that vary directly with the level of output or production, such as materials and labor directly used in manufacturing.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or sales activities.

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.