Determine Whether the Given Relationship Defines a Function

question 15

Multiple Choice

Determine whether the given relationship defines a function. If so, identify the independent and dependent variable, and
why the relationship is a function.
-The balance in a checking account b at the close of business on a given day x.

• A) Yes; x, b; there is one balance b on any given day x at the close of the business day.
• B) No

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period.

Expected Sales

Forecasted or projected revenue figures estimated from future sales over a specific period.

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.