The Earliest Forms of Communication, the Hallmark of Great Civilizations

question 101

Multiple Choice

The earliest forms of communication, the hallmark of great civilizations, were based on

• A)personal relationships.
• B)technology.
• C)transportation.
• D)warfare.
• E)agriculture.

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Definitions:

Unit Variable Expenses

Costs that vary directly with the production volume, calculated on a per-unit basis.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, or utilities.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Margin Of Safety

The extent to which sales can decline before a business reaches its breakeven point.