Which of the Following Statements About the Articles of Confederation

question 3

Multiple Choice

Which of the following statements about the Articles of Confederation is accurate?

• A) It created a Confederation Congress that passed legislation through majority vote.
• B) It created powerful controls for financial matters.
• C) It created an extremely weak presidential position.
• D) It created an alliance of sovereign states with a unicameral legislature.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much revenue is contributing to fixed costs and profit.

Margin Ratio

A financial metric that compares a company's gross profit margin to its revenue, indicating the percentage of sales revenue that remains after accounting for the cost of goods sold.

Contribution Margin

The amount by which product sales revenue exceeds variable costs, showing how much contributes to covering fixed costs and generating profit.

Fixed Costs

Business expenses that do not change regardless of the level of production or sales activities, such as rent, salaries, and insurance.