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A Description of the Program,its Purpose and How to Use

question 196

Multiple Choice

A description of the program,its purpose and how to use it,is known as ________.


Definitions:

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behavior are valid.

Cost Behavior

The study of how specific costs change in relation to changes in a company's level of activity or volume of output.

Linear

Pertaining to or resembling a line; often used in mathematics to describe a relationship of direct proportionality.

Relevant Range

The range of activity within which the assumptions made about cost behavior are valid.

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