Margin Can Be Defined as

question 6

Multiple Choice

Margin can be defined as

• A) the difference between the total cost of raw materials and the list price of a product.
• B) the difference of the price a customer is willing to pay and how much the company actually collects.
• C) the difference of the price a customer is willing to pay and the price a seller is willing to sell at.
• D) the difference between the selling price and the list price.
• E) the difference of the price a customer is willing to pay and the cost of moving the good or service through its value chain.

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Definitions:

Seventeenth Amendment

Progressive reform passed in 1913 that required U.S. senators to be elected directly by voters; previously, senators were chosen by state legislatures.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

U.S. Senators

Elected officials who serve in the United States Senate, one of the two chambers of the United States Congress, representing their respective states and responsible for making federal laws.

Progressive Reformers

Early 20th-century activists in the United States who sought to address social inequities, corruption, and economic issues through government intervention.