You Represent a Decision in a Flowchart by Drawing a Decision

question 15

Multiple Choice

You represent a decision in a flowchart by drawing a decision symbol,which is shaped like a ____.

• A) parallelogram
• B) square
• C) diamond
• D) circle

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Definitions:

Variable Selling

Costs that vary in direct proportion to the volume of sales, such as commissions or shipping fees.

Sunk Costs

Expenses that have already been incurred and cannot be recovered or altered by future actions or decisions.

Long-Run Decisions

Decisions in business or economics that affect operations over a longer time period, often related to investment, expansion, or strategic planning.

Short-Run Decisions

Decisions made by businesses affecting operations within a period of less than one year, often focusing on immediate operational and financial outcomes.