Which of the Following Is an Accurate Statement

question 59

Multiple Choice

Which of the following is an accurate statement?

• A) Adam Smith defends capitalism by appealing to the idea of a natural, moral right to property.
• B) Adam Smith denies that human beings are, by nature, acquisitive creatures.
• C) common defense of capitalism is the argument that people have a fundamental moral right to property and that our capitalist system is simply the outcome of this natural right.
• D) Utilitarians oppose capitalism in principle.

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Definitions:

Sales Required

The minimum sales needed to achieve a specific financial goal or to cover costs.

Variable Cost

Costs that vary directly with the level of production or output.

Break-even Point

The level of production or sales at which total revenues equals total expenses, with no net loss or gain.

Contribution Margins

The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.