____ Is the Ability to Share Physical Resources, Such as a Printer

question 38

Multiple Choice

____ is the ability to share physical resources, such as a printer or storage device, as well as logical resources, such as software and information.

• A)Access sharing
• B)Resource sharing
• C)Resource planning
• D)Access planning

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Definitions:

Variable Cost

A variable cost changes in proportion to the level of production or business activity, such as raw materials or direct labor expenses.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Target Profit

The financial goal for the profit a company aims to achieve within a specific period.

High-Low Method

A cost accounting technique used to estimate fixed and variable costs by analyzing the highest and lowest levels of activity.