Bismarck's Main Aim in Forming the Triple Alliance Was to Isolate

question 54

Multiple Choice

Bismarck's main aim in forming the Triple Alliance was to isolate

• A) Austria
• B) Russia
• C) England
• D) France

Identify and calculate variable, fixed, and mixed costs.

Apply the high-low method to determine variable costs per unit and fixed costs.

Calculate contribution margin, contribution margin ratio, and its significance.

Analyze the impact of price changes on break-even points and profitability.

---

Definitions:

Consideration

In contract law, consideration refers to something of value exchanged between parties, forming the basis for a contract.

Promissory Estoppel

A rule in law that prohibits an individual from retracting a pledge given to another if the latter has justifiably depended on this assurance to their harm.

Quasi Estoppel

A legal doctrine preventing a party from asserting rights or facts that contradict their past actions or statements.

Bilateral Contract

A type of contract involving mutual obligations whereby each party promises to perform an act in exchange for the other party's act.