Match the Following Terms with Their Definitions

question 129

Multiple Choice

Match the following terms with their definitions.
-Decimal point.

• A)Whole number and decimal.
• B)No whole number(s)to the left of the decimal point.
• C)Decimal represents same value as the fraction.
• D)Two places to the right of decimal.
• E)Number written with a decimal point.
• F)Numbers repeat themselves to the right of the decimal point.
• G)Position between units and tenths.
• H)Reducing decimal to indicated position.

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Definitions:

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a company, such as rent or salaries.

CVP Income Statement

A financial report that analyzes the cost, volume, and profit relationships within a company, emphasizing how sales affect profits.

Variable

An element, feature, or factor that is liable to vary or change; in the context of finance and economics, it often refers to costs that fluctuate with the level of output or activity.