Low Literacy Levels Are Linked To

question 7

Multiple Choice

Low literacy levels are linked to:

• A) Better health outcomes
• B) Less use of preventive services
• C) Greater insurance premiums
• D) Lower healthcare costs

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Definitions:

Markup Percentage

A percentage added to the cost price of goods to cover overhead and profit.

Total Cost Concept

An accounting principle that sums all costs associated with the production of a good or service, including direct, indirect, fixed, and variable costs.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales activity.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.