An Economic Variable That Is Measured Per Unit of Time,such

question 141

Multiple Choice

An economic variable that is measured per unit of time,such as spending per year,is known as a:

• A)stock variable.
• B)periodic variable.
• C)dummy variable.
• D)flow variable.
• E)controlled variable.

---

Definitions:

Actual Cost

The incurred cost that reflects the real financial expenditure on a project, purchase, or activity.

Accounting Equation

The fundamental equation of double-entry bookkeeping, represented as Assets = Liabilities + Equity.

Liabilities

Obligations owed by a business to either creditors or suppliers, often in the form of loans or accounts payable.

Net Income

The amount of money a company has earned after all expenses, including taxes and costs, have been subtracted from total revenue.