Parallels Run North and South and Intersect Meridians at 90°

question 31

True/False

Parallels run north and south and intersect meridians at 90° angles. ​

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Definitions:

Variable Costs

Expenses that change in proportion to the production or sales figures.

Per Unit

A measure or cost expressed per single item or quantity of a product or service.

Cost Behaviour

The way in which costs change in relation to alterations in an organization's level of activity.

Relevant Range

The range of activity within which the assumptions about fixed costs and variable cost behavior hold true.