For a Given Reaction, Which of the Following Statements Can

question 12

Multiple Choice

For a given reaction, which of the following statements can be made about the value of the equilibrium constant?

• A)It always remains the same.
• B)It increases when the concentration of one of the products is increased.
• C)It increases when the concentration of one of the reactants is increased.
• D)It changes when temperature is changed.
• E)It can be changed by addition of a catalyst.

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Definitions:

Variable Costing

A costing method where only variable costs (costs that change with production volume) are included in the product cost, excluding fixed costs.

Fixed Manufacturing Overhead

Costs that remain constant regardless of the level of production, such as rent, utility bills, and salaries for certain employees.

Net Profit

The amount of money that remains after all operating expenses, interest, taxes, and preferred stock dividends have been subtracted from a company's total revenue.

Step-Down Method

An accounting technique used to allocate indirect costs to products or services based on a hierarchy of activities.