From the Late 1960s to the Late 1980s, SAT Scores

question 105

Multiple Choice

From the late 1960s to the late 1980s, SAT scores in the United States

• A)help explain the productivity increases.
• B)rose consistently throughout the period.
• C)declined throughout the period.
• D)indicated improving workforce quality.

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Definitions:

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.

Operating Income

Earnings from a company’s core business operations, excluding deductions for interest and taxes.

Variable Costs

Costs that fluctuate in direct proportion to changes in levels of production or sales volumes.

Fixed Costs

Financial obligations like rent, wages, and insurance that are stable and do not vary with the level of goods manufactured or sold.