In Studying the Life of Abraham Lincoln, What Can Be

question 96

Multiple Choice

In studying the life of Abraham Lincoln, what can be said about his personal reaction to failure?

• A)He learned from all his experiences, making it possible to achieve greatness.
• B)He kept trying new things until he found something that he was good at.
• C)He kept trying new things until the conditions supported his success.
• D)He failed at everything, but we admire him for his grit.

---

Definitions:

Variable Cost

Expenses that change in proportion to the activity or volume of business, such as materials, labor, and transaction fees.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to represent wear and tear over time.

Variable Costs

Expenses that directly fluctuate according to the volume of production or sales.

Labour Cost

is the total expenditure incurred by employers to compensate their employees, including wages, benefits, and taxes.