Examlex

Solved

A Forecast of a Cost at a Particular Level of Activity

question 21

Multiple Choice

A forecast of a cost at a particular level of activity is known as:


Definitions:

Rate of Return

The profit or deficit from an investment during a certain timeframe, represented as a portion of the investment's starting price in percentage terms.

Simple Interest

A financial term referring to a method of calculating the interest charge on a loan or investment based on the original principal amount, the interest rate, and the time the loan or investment is made for.

Guaranteed Investment Certificate

A secure investment that guarantees to return the principal plus interest at a specified rate over a fixed period.

Annual Interest Rate

The percentage of principal that is paid as interest to the lender annually, not accounting for the compound interest within that year.

Related Questions