If There Is an Inverse Relationship Between Two Variables, the Graph

question 365

Multiple Choice

If there is an inverse relationship between two variables, the graph of this relationship

• A) will be a horizontal line.
• B) will be downward-sloping.
• C) might be horizontal.
• D) will be upward-sloping.

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Definitions:

Absorption Costing

A costing method where all manufacturing costs, both fixed and variable, are allocated to products, thus "absorbing" them into the cost of goods sold.

Markup

The supplementary amount factored into the base price of goods to address fixed costs and earnings, influencing their final selling point.

Selling Price

The price a consumer disburses to obtain a product or service from a merchant.

Absorption Costing

An accounting method that includes all manufacturing costs—both variable and fixed—in the cost of goods sold, for product pricing.