The Benin Equated Their Sacred Mudfish with the Portuguese,because Both

question 17

Multiple Choice

The Benin equated their sacred mudfish with the Portuguese,because both

• A)could swim and walk on land.
• B)were poison to their enemies.
• C)brought great gifts to the Benin.
• D)had beards or beard-like growths.

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Definitions:

Variable Cost

Costs that move in correspondence with the quantity of products made or services sold.

Fixed Costs

Expenses that do not vary with production volume or business activity level, such as rent, salaries, and insurance premiums.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the extent to which a firm uses fixed versus variable costs.

Variable Cost

Costs that change in proportion to the level of output or activity in a business.