As a Lexical Definition, the Definition "'Personal' Means Not Being

question 106

Multiple Choice

As a lexical definition, the definition "'Personal' means not being impersonal" may be criticized as:

• A) Being figurative.
• B) Being vague.
• C) Being affective.
• D) Being negative.
• E) Failing to convey the essential meaning of the word being defined.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding expenses and revenues that are unrelated to the primary business activities.

Absorption Costing

Absorption costing is an accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead.

Fixed Manufacturing Overhead

Costs that do not change with the level of production activity, such as salaries of managers, depreciation of factory equipment, and utility costs of the factory.