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:

Social Skills

The abilities needed to communicate, interact, and form relationships with others effectively.

Middle Childhood

A developmental stage roughly between the ages of 6-12 years, characterized by significant growth in cognitive, social, and physical areas.

Trust Versus Mistrust

Trust versus mistrust is a stage in Erikson's psychosocial development theory where an infant learns to trust caregivers and the world based on whether their basic needs are met.

First Stage

The first stage generally refers to the initial phase or beginning step in a process or sequence of events.