What Factor Contributed to the Success of Anita Spring's Agricultural

question 24

Multiple Choice

What factor contributed to the success of Anita Spring's agricultural development program in Malawi?

• A) Malawi's willingness to implement change
• B) Spring's exceptionally large budget
• C) the influence of young Malawian men
• D) the fact that Spring was native to the region

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Definitions:

Variable Cost

Costs that vary in direct proportion to changes in the level of production or sales activity.

Fixed Costs

Costs that do not fluctuate with the level of production or sales activity, such as rent, salaries, and insurance premiums, remaining constant regardless of business volume.

Break-Even

The point at which total revenues equal total costs, leading to neither a profit nor a loss.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and to generate profit.