The Following Table Describes the Opinions of the 570 People

question 19

Multiple Choice

The following table describes the opinions of the 570 people who returned a residential life services questionnaire to researchers at a small university. Students were classified by class (freshman, sophomore, junior, or senior) and by their opinion of campus residence quality (high quality, medium quality, or low quality) . What percent of seniors feel that the quality of campus residences is not high?

• A)37.5%
• B)43.8%
• C)81.3%
• D)63.2%

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, meaning the business is neither making a profit nor incurring a loss.

Variable Expense

Costs that change in proportion to the activity or volume of a business, such as raw materials and sales commissions.

Fixed Expense

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Margin of Safety

This is a financial metric that measures the difference between actual sales and the break-even point, indicating how much sales can decline before a business incurs a loss.