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During a performance evaluation, it is important to
Variable
An element or factor that can change or vary, often used in mathematical modeling or statistical analysis to represent changeable components.
Cost Behavior
The study of how the costs of a business change in relation to changes in its activity levels or volume.
Cost Behavior Analysis
The study of how costs change in relation to changes in a firm’s level of activity.
Mixed Cost
An expense that contains both variable and fixed cost components.
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