Compared to Persons Who Complete High School, Which of the Following

question 36

Multiple Choice

Compared to persons who complete high school, which of the following applies to individuals who do not complete high school?

• A) They are more likely to be unemployed.
• B) They are less likely to engage in criminal behaviour.
• C) They have better health.
• D) They are more likely to have pro-social activities and interests.

---

Definitions:

Variable Cost Concept

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.

Variable Manufacturing Costs

Costs that vary directly with the level of production, including materials, labor, and overhead expenses that fluctuate with output volume.

Selling and Administrative Costs

Expenses related to the selling of products and the management of the company, not directly tied to the production process.

Sunk Cost

An expense that has been incurred and cannot be recouped.