Which of the Following Statements About GeorgeB

question 52

Multiple Choice

Which of the following statements about GeorgeB.McClellan is FALSE?

• A) He ran against Abraham Lincoln in the election of 1864.
• B) He originally served as commander of the Army of Northern Virginia.
• C) He was found to have, in Lincoln's opinion, a wholly inadequate grasp of strategy.
• D) He served briefly as chief of staff but returned to the field in March 1862.
• E) He was eventually replaced by General Henry W. Halleck.

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Definitions:

Sales Mix

The relative proportions in which a company’s products are sold. Sales mix is computed by expressing the sales of each product as a percentage of total sales.

Total Profits

The sum of all profits made by a business within a certain period, after all expenses have been deducted from total revenues.

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been subtracted, indicating how much contributes towards fixed costs and profit.

Fixed Expenses

Expenses that do not fluctuate with changes in production level or sales volume, such as lease payments, insurance, and property taxes.