The Minimum Wage in 1950 Paid About _____% of the Amount

question 33

Multiple Choice

The minimum wage in 1950 paid about _____% of the amount required for a family of four with two full-time workers and two children to survive but by 1970 had fallen to _____% of necessary income.

• A)70; 60
• B)85; 80
• C)100; 85
• D)110; 90

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Definitions:

Good CVP

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Financial Viability

The ability of an entity to generate sufficient income to meet operating payments, debt commitments, and, where applicable, to allow for growth while maintaining service levels.

Target Customers

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Market Segments

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