Match Each Term with Its Definition

question 34

Multiple Choice

Match each term with its definition.
-Time that an employee can take off when a family member dies

• A)HIPAA Compliance Officer
• B)Security Officer
• C)Privacy Officer
• D)W-2 form
• E)W-4 form
• F)Form I-9
• G)salary
• H)Federal Fair Labor Standards Act
• I)gross pay
• J)net pay
• K)auditing
• L)bereavement time
• M)profit sharing
• N)liability insurance
• O)gripe session

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Definitions:

TFC

Total Fixed Costs, referring to the sum of all costs that remain constant regardless of the level of output or production.

TVC

Total Variable Cost, which refers to all costs that vary with the level of output in the production process.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Drone

A remotely operated or autonomous flying machine, known as an unmanned aerial vehicle (UAV), which follows flight paths programmed through software.