Which Is the Most Recently Created Cabinet Department

question 30

Multiple Choice

Which is the most recently created cabinet department?

• A) Finance
• B) Energy
• C) Veterans Affairs
• D) Homeland Security
• E) Health and Human Services

---

Definitions:

Statistical Analysis

The process of collecting, exploring, and interpreting data to identify patterns, trends, and relationships, often used in research and business for decision-making.

Cost-Volume-Profit Graph

A visual representation showing the relationship between a company's costs, sales volume, and profits at various levels of activity.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net loss or gain.

Operating Leverage

The degree to which a company uses fixed operating costs, with all else being equal, the higher the operating leverage, the more sensitive net operating income is to a given percentage change in sales.