A Student Trained in the Seven Liberal Arts Would Have

question 5

Multiple Choice

A student trained in the seven liberal arts would have learned about all of the following subjects EXCEPT

• A)astronomy.
• B)geometry.
• C)chemistry.
• D)arithmetic.

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.

Fixed Costs

Expenses that do not fluctuate with the level of goods or services produced by the business.

Net Income

The total earnings of a person or organization after subtracting all expenses and taxes.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a company.