Instructions: the Following Sentences Form a Passage

question 245

Multiple Choice

Instructions: The following sentences form a passage. Select the correct noun for each blank. With excellent hitting and fast feet, Robinson earned his place in the National Baseball Hall of Fame; he also earned his reputation as a sports ____ for being the first black baseball player in the American major leagues.

• A) phenomena
• B) phenomenon

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or sales activities in a company, such as raw materials and labor expenses.

Fixed Cost

Costs that remain constant in total regardless of changes in the level of production or sales over a certain period of time, such as rent, salaries, and insurance.

Product Cost

The total amount of expenses incurred to produce a product, including direct labor, materials, and overhead.

Period Cost

Expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative expenses.