Mario Has an IQ Score of 30

question 59

Multiple Choice

Mario has an IQ score of 30.How would he therefore be classified?

• A)as having mild intellectual disability
• B)as having moderate intellectual disability
• C)as having severe intellectual disability
• D)as having profound intellectual disability

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Definitions:

Variable Costing Profit

The profit calculated using the variable costing method, which considers only variable expenses for unit cost calculation, highlighting contribution margin.

Fixed Overhead

Refers to the indirect costs of production that do not change with the volume of output, such as rent, salaries, and insurance.

Opening Inventory

The quantity and value of stock available at the start of an accounting period.

Absorption Costing

A method of accounting that encompasses the total manufacturing expenses – encompassing direct materials, direct labor, as well as both variable and fixed overhead costs – within the product's cost.