The Graph Below Shows Percentages of Children in Grades K-8

question 27

Multiple Choice

The graph below shows percentages of children in grades K-8 who received various types of care before and after school. Among children in grades K-5 who received care on a regular basis from someone other than a parent before or after school, what was the least preferred method of child care?

• A) relative
• B) center
• C) non-relative
• D) self
• E) parent

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Definitions:

Variable Cost

Costs that change in proportion to the level of output or activity in a business operation.

Total Variable Cost

The total of all costs that vary with changes in the production level or sales volume, such as raw materials, direct labor, and variable overhead.

Relevant Range

The range of activity or volume over which the assumed cost behavior is valid, within which fixed and variable costs do not change.

Incremental Manufacturing Cost

The additional cost incurred by producing one more unit of a product, often considered in decision-making and pricing.