How Did the District of Columbia Obtain the Ability to Play

question 47

Multiple Choice

How did the District of Columbia obtain the ability to play a role in the presidential selection process?

• A) The original wording of the constitution recognized District of Columbia as a state.
• B) The District of Columbia became a state in 1961 and, as a result, gained electoral votes.
• C) The U.S. Constitution was amended to include the District of Columbia in the electoral college.
• D) The District of Columbia's representatives in the U.S. House and senate introduced legislation to make the change.
• E) A federal law was created that extended the right to vote to citizens of the District of Columbia.

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Definitions:

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its revenues, highlighting the impact of fixed costs on profitability.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as materials and labor.

Fixed Costs

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

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes to fixed costs and profit.