Communities of Practice Are Groups of People Who Share a Concern

question 92

Multiple Choice

Communities of practice are groups of people who share a concern, a set of problems or a passion about a topic, and who deepen their knowledge and expertise by ________.

• A)taking professional development courses
• B)going to periodic trade shows and professional conferences
• C)interacting on an ongoing basis
• D)organising annual seminars
• E)attending in-house training sessions

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Definitions:

Variable Operating Expense

Expenses that fluctuate in proportion to the amount of production or the volume of sales.

Sales Revenue

The income received from selling goods or services, which may include discounts and deductions for returned merchandise.

High-low Method

A method applied in cost accounting that calculates variable and fixed costs by analyzing the most and least active periods.

Variable Cost

Variable cost varies directly with the level of output, including costs such as raw materials and direct labor, adjusting according to production volume.