By the Year,2045,the Majority of the Population of the United

question 43

True/False

By the year,2045,the majority of the population of the United States will be composed of racial and ethnic minorities.

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Definitions:

Fixed Costs

Charges that stay the same, no matter the production or sales figures, such as rental fees, employee salaries, and insurance premiums.

Variable Utilities Cost

Expenses for utilities such as electricity and gas that vary in proportion to a company’s level of operation or production activity.

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs associated with production.

Machine Hour

A unit measure representing the operation of one machine for one hour, used in costing and operational efficiency analysis.