Assuming Costs Are Represented on the Vertical Axis and Volume

question 97

Multiple Choice

Assuming costs are represented on the vertical axis and volume of activity on the horizontal axis, which of the following costs would be represented by a line that starts at the origin and reaches a maximum value beyond which the line is parallel to the horizontal axis?

• A)total direct material costs
• B)a consultant paid $100 per hour with a maximum fee of $2,000
• C)employees who are paid $15 per hour and guaranteed a minimum weekly wage of $300
• D)rent on exhibit space at a convention

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Definitions:

Surrounding Culture

The shared values, beliefs, norms, and practices of a group of people that an individual is embedded within and influenced by.

Central Concept

The primary or most fundamental idea or theme of a topic, study, or theory.

Egocentric Speech

Speech for self, a use of language typical of preschoolers that has no apparent communicative function. Piaget suggested that it serves no useful purpose, but Vygotsky argued that it is the precursor of inner speech and important for problem solving, planning, and self-control.

Cognitive Development

The process of growth and change in intellectual capabilities that occurs from infancy to adulthood.