In Regents of the University of California V

question 41

Multiple Choice

In Regents of the University of California v.Bakke (1978) ,the Supreme Court determined that __________ were unconstitutional.

• A)racial quotas in university admissions
• B)grandfather clauses
• C)all forms of affirmative action -
• D)Jim Crow laws

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Definitions:

Unit Variable Expense

Costs that vary directly with the production of one unit of a product or service.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain and all fixed costs are covered.

Selling Price

The amount of money charged for a product or service, which can influence demand and revenue.

Contribution Margin Ratio

The ratio of contribution margin to sales revenue, used to measure the profitability and efficiency of a product or service.