The World's Population of Urban Settlements Exceeded That of Rural

question 60

Multiple Choice

The world's population of urban settlements exceeded that of rural settlements for the first time in human history in ________.

• A) 1990
• B) 1995
• C) 2000
• D) 2004
• E) 2008

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been deducted.

Fixed Expenses

Costs that do not change with the level of output or sales in the short term, such as rent or salaries.

Break-even Point

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

Unit Contribution Margin

Unit contribution margin refers to the difference between the selling price per unit and the variable cost per unit, highlighting the profitability of individual items.