In the Late Nineteenth Century, the Largest Expense in Each

question 58

Multiple Choice

In the late nineteenth century, the largest expense in each country's state budget was for ______________.

• A) education
• B) the military
• C) railroads
• D) pensions and unemployment insurance
• E) trade tariffs

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Definitions:

Contribution Margin

The difference between a company's total sales revenue and its variable costs.

Fixed Costs

Expenses that remain constant for a certain level of production or period, inclusive of rent, salaries, and insurance.

Financial Advantage

The benefit gained when financial resources are managed to maximize efficiency and profitability.

Contribution Margin

The margin between the income from sales and the costs that vary, illustrating the amount of revenue available for offsetting fixed expenses and yielding a profit.