In Australia,the Poorest 20 Per Cent of Households Earn Roughly

question 46

Multiple Choice

In Australia,the poorest 20 per cent of households earn roughly ________ per cent of total income.

• A)15
• B)0.5
• C)10
• D)3
• E)20

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Definitions:

Break-even Point

The level of sales at which total revenues equal total expenses, resulting in no net profit or loss.

Sales Mix

The combination of different products or services a company sells, usually expressed in terms of the proportion of total sales volume each constitutes.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and loan payments.

Total Sales

The total revenue generated from the sale of goods or services before any expenses are subtracted.