Which of the Following Was True of Industrial Development in the Early

question 34

Multiple Choice

Which of the following was true of industrial development in the early constitutional era?

• A)There was none.
• B)A majority of northern men were industrial workers.
• C)The factory system was decentralized.
• D)Women and children did not work in factories.
• E)Jeffersonians were more in favor of industrial development than Federalists.

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Definitions:

Variable Selling Costs

Expenses that vary directly with the volume of products sold, such as commissions and shipping fees.

Break-Even Point

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

Variable Costs

Costs that fluctuate with the level of output or production, such as raw materials and direct labor.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs. It contributes to covering fixed costs and generating profit.