In Loving V

question 53

Multiple Choice

In Loving v. Virginia, the U. S. Supreme Court ruled that:

• A) marriages between stepchildren and stepparents were illegal.
• B) cohabiting couples were financially tied to one another.
• C) laws prohibiting interracial marriages were unconstitutional.
• D) minors could not marry without parental permission.

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Definitions:

Contribution Margin

The amount of revenue remaining after subtracting the variable costs of producing a product, serving as an indicator of the product's profitability.

Variable Cost

Costs that change directly in proportion to changes in the volume of production or sales, such as raw materials and direct labor.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.

Machine Hour

A measurement of production time, counting one hour of operation of a machine or a piece of equipment for manufacturing purposes.