A Necessary Condition Represents a Condition That, If It Is

question 3

True/False

A necessary condition represents a condition that, if it is present, will pretty much guarantee the effect in question.

---

Definitions:

Fixed Costs

Expenses that remain constant regardless of business activity levels, including long-term leases, salaries, and insurance premiums.

Variable Cost

A cost that varies with the level of output or production volume.

Volume of Activity

The level of production or sales volume at which a business operates during a specific period.

Identifying

The process of recognizing or establishing the identity of something or someone.