Looking at the U

question 74

Multiple Choice

Looking at the U.S.poverty rate by race,we see that

• A) the poverty rates by race are now equal.
• B) whites have a higher poverty rate than do blacks.
• C) Hispanics and blacks have a higher poverty rate than whites.
• D) whites have a nearly zero poverty rate while Hispanics and blacks are near 20 percent.
• E) whites and blacks have higher poverty rates than do Hispanics.

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Definitions:

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, contributing towards covering fixed costs and generating profit.

Financial Break-even

The point at which total revenues equal total costs, resulting in no profit or loss for the business.

Financial Break-even

The point at which total revenues are equal to total operating expenses and financial costs, meaning the company makes no profit but also incurs no loss.

Payback Period

The amount of time required for an investment to generate cash flows to recover its initial cost.