If the Slope of a Line That Graphs the Relationship

question 398

Multiple Choice

If the slope of a line that graphs the relationship between variable x and variable y is positive, then we know that

• A) when the value of variable x increases, then the value of variable y decreases.
• B) when the value of variable x decreases, then the value of variable y decreases.
• C) the two variables are unrelated.
• D) the two variables have an inverse relationship.

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Definitions:

Operating Expenses

Costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specific period.

Single-Step Income Statement

A simplified financial statement format that sums all revenues and subtracts all expenses, displaying only a single step to arrive at net income.

Cost of Goods Sold

The direct expenditures involved in the production of a company's sold goods, encompassing both materials and labor expenses.