State Whether the Variable Is Discrete or Continuous

question 39

Multiple Choice

State whether the variable is discrete or continuous. The number of phone calls to the attendance office of a high school on any given school day

• A)discrete
• B)continuous

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Definitions:

Fixed Cost

Costs that remain constant regardless of any change in a firm's activity level, such as lease payments or insurance premiums.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Discount Rate

In discounted cash flow analysis, it's the rate used to bring future cash flows down to their present worth.

Accounting Break-even Quantity

The number of units that must be sold to cover all costs, both fixed and variable, with no profit or loss.