Use the Following to Answer Questions

question 55

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-The continuance of gathering and hunting societies in substantial areas of the world despite millennia of agricultural advance.

• A)Paleolithic persistence
• B)Igb
• C)Iroquois
• D)Timur
• E)Fulbe
• F)Ming dynasty China
• G)Zheng He
• H)European Renaissance
• I)Ottoman Empire
• J)seizure of Constantinople in 1453
• K)Safavid Empire
• L)Songhay Empire
• M)Timbuktu
• N)Mughal Empire
• O)Malacca
• P)Aztec Empire
• Q)Inca Empire

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Definitions:

Flexible Budgets

Budgets that can adjust or flex for changes in the volume of activity or other relevant factors, allowing for more accurate forecasts and analysis.

Contribution Margin

The selling price per unit minus the variable cost per unit, representing the incremental money generated for each product/unit sold.

Fixed Budget

A budget that is set for a specific period and does not change, regardless of variations in activity levels, sales volume, or other external factors.

Flexible Budget Amounts

Budget figures that are adjusted based on changes in the volume of activity, allowing for a more accurate reflection of costs under different operational levels.