Which Statement Is True

question 24

Multiple Choice

Which statement is true?

• A)Most U.S.workers are members of labor unions.
• B)Union membership has been hurt in recent decades by the decline in manufacturing.
• C)The union movement is most powerful in the South.
• D)None of these statements are true.

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Definitions:

Fixed Costs

Fixed costs are those business expenses that do not change with the level of goods or services produced, such as rent.

Break-even Sales

The amount of revenue needed to cover both the fixed and variable costs of a business, resulting in no profit or loss.

Unit Selling Price

The price at which a single unit of product is sold, not including any discounts or promotions.

Unit Variable Costs

The variable costs associated with producing one unit of a product, including materials, labor, and any other variable expenses.