It Is Anticipated That in the Future,the American Workforce Will

question 38

Multiple Choice

It is anticipated that in the future,the American workforce will exhibit:

• A)about the same demographic mix as it does today.
• B)an increase in ethnic diversity.
• C)a decrease in ethnic diversity.
• D)a decrease in the number of older workers.

---

Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and equipment leases, remaining constant regardless of how much a company produces.

Contribution Margin

The amount by which the sale of a product or service exceeds variable costs, indicating how much it contributes to covering fixed costs.

Fixed Costs

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

Marginal Costs

The additional cost incurred by producing one more unit of a good or service.