Answer:
b. in rural areas; were self-employed.
Explanation:
Before 1860, most of the U.S. population lived Rural area and most workers were self-employed .
Before, 1860 or the pre civil war era most of the US rural only unlike today. The since, industrial revolutions in its fledgling stage. Most of the population was self employed.
The answer is true as it is a common business for entrepreneurs as a correlation between dollars earned and hours worked.
Given:
Blue Ace Autos Inc: cost of goods sold / revenue = 63.4%
Ferdova Autos Inc.: cost of goods sold / revenue = 54.2%
The percentage rate represents the part of the revenue that the cost of goods sold is a part of. This means that the revenue is 100%. The difference of the revenue and cost of good sold is the profit. The higher the percentage of the profit, the better.
Blue Ace Autos Inc: 100% - 63.4% = 36.6%
Ferdova Autos Inc: 100% - 54.2% = 45.8%
Ferdova Autos Inc. earn a higher profit (45.8% of revenue) than Blue Ace Autos Inc (36.6% of revenue).
Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.
The type of insufficient data does this example describe is: Data that keeps updating.
<h3>
Who is a data analyst?</h3>
A data analyst can be defined as a person that help to collect data or information so to discover information that may be use during decision making process.
In as situation where their is insufficient or enough data despite having useful data this means that keeps updating.
Therefore this is an example of Data that keeps updating.
Learn more about data analyst here:brainly.com/question/27748920
#SPJ1
