Name the Property Illustrated by the Statement $3 + 0 = 3$

question 92

Multiple Choice

Name the property illustrated by the statement.
- $3 + 0 = 3$

• A) commutative property of addition
• B) associative property of addition
• C) distributive property
• D) identity element for addition

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Definitions:

Unit Product Cost

The total cost (both fixed and variable) associated with a product, divided by the number of units produced.

Year 2

Often refers to the second year of operation, study, or analysis in various contexts, particularly in financial and academic settings.

Absorption Costing

A technique in financial accounting that involves accumulating all costs of production, namely direct materials, direct labor, and overhead (both fixed and variable), into the cost base of a product.

Net Operating Income

This is the total profit of a company after operating expenses are subtracted from operating revenues but before income from investments and taxes are considered.