​In 2014, About _____ Percent of the U

question 40

Multiple Choice

​In 2014, about _____ percent of the U.S. population was living below the poverty line.

• A) ​5
• B) ​15
• C) ​25
• D) ​35

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Definitions:

Variable Costs

Charges that adjust based on the degree of activity or output levels in an enterprise.

Profits

The financial gain achieved when the revenues from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Revenue

The total amount of money generated by a company from its business activities, such as sales of products or services, before any expenses are deducted.

Futures Contract

A formal legal contract to purchase or sell a specific commodity or financial instrument at an agreed-upon price at a future date.