The Group Most Profoundly Affected by the Great Economic Changes

question 49

Multiple Choice

The group most profoundly affected by the great economic changes of the late twentieth century was

• A) African Americans.
• B) Hispanics.
• C) Asian Americans.
• D) women.
• E) southerners.

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Definitions:

Variable Operating

Refers to operating expenses that vary in direct proportion to changes in an organization's level of activity or volume.

Fixed Expenses

Costs that do not change with the volume of production or sales, such as rent, salaries, and insurance.

Merchandise Inventory

The total cost of all the goods that a retail company has available for sale at any given time.

Net Income

The total profits of a company after all expenses, including taxes and interest, have been deducted from total revenues.