When You Purchase an IOS Device, You Create or Use

question 2

Multiple Choice

When you purchase an iOS device, you create or use an existing account of this type, which is associated with a variety of services that you can use with that device.

• A)Microsoft account
• B)Apple ID
• C)Google account
• D)Domain account

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or sales. They increase as production increases and decrease as production decreases.

Fixed Costs

Costs that remain constant regardless of the amount of production or business operations.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating the amount contributed towards covering fixed costs and generating profit.

Financial Break-even Point

The level of revenue necessary for a firm to cover all its operating expenses and financial costs, achieving a net income of zero.