What Benefit Did Republicans See in Having Andrew Johnson Run

question 29

Multiple Choice

What benefit did Republicans see in having Andrew Johnson run as Abraham Lincoln's vice president in 1864?

• A) He was an inspiration to working-class people in poverty.
• B) As a former slaveholder, he demonstrated that one could live without slaves.
• C) He was one of many southern senators from a state that seceded who refused to leave the U.S. Senate.
• D) Lincoln's party hoped to build a Republican base in the South.
• E) Tennessee was Lincoln's favorite southern state, since he was born there.

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Definitions:

Margin of Safety

The difference between actual sales and the break-even point, indicating the level of risk in not covering fixed costs.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs, indicating how much of the revenue is available to cover fixed costs and generate profit.

Operating Income

Earnings from a company's principal business activity, excluding expenses and revenues from non-operational sources.

Operating Income

A measure of a company's earning power from ongoing operations, equal to revenues minus operating expenses, but before taxes and interest.