Which of the Following Is True

question 1

Multiple Choice

Which of the following is true?

• A) On the average African Americans live about seven years longer than whites
• B) Infant mortality is higher among whites than among minorities
• C) Whites are more likely to be ill than are blacks
• D) African Americans and Hispanics have more illnesses on average than whites.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and profit.

Operating Income

Operating income, similar to income from operations, is the profit earned from a firm's normal core business operations.

Variable Costs

Costs that vary directly with the level of production or sales activity.