A Bar Chart Is Used to Demonstrate

question 15

Multiple Choice

A bar chart is used to demonstrate:

• A)advances and declines of stock prices.
• B)high, low, and closing stock price on a daily basis.
• C)changes of two points or more.
• D)More than one of the above

Understand the application of CVP analysis for businesses with multiple products.

Recognize the importance of accurate cost classification in CVP analysis and the limitations of this analysis method.

Identify and understand different types of costs (variable, fixed, mixed).

Understand cost behavior in response to changes in production and sales levels.

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Definitions:

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery used to produce goods.

Resource

An economic or productive factor required to accomplish an activity, or to produce goods and services.

Economists

Professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and behaviors.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, such as purchasing assets or stocks.