If a Firm's Net Income Does Not Change as Its

question 122

Multiple Choice

If a firm's net income does not change as its volume changes,the firm('s)

• A)must be in the service industry.
• B)must have no fixed costs.
• C)sales price must equal $0.
• D)sales price must equal its variable costs.

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Definitions:

Aspects

Various parts, features, or elements of something, considering different viewpoints or dimensions.

High Self-Esteem

A positive valuation of oneself, reflecting a person’s overall subjective emotional evaluation of their own worth.

Critical Component

An essential element or part that is necessary for the system or process to function properly.

Observing Part

The aspect of a person's consciousness that acts as a witness to their thoughts, actions, and experiences without judgment.