A(n)____ Is a Placeholder for Data Whose Contents Can Change

question 37

Multiple Choice

A(n) ____ is a placeholder for data whose contents can change.

• A) attribute
• B) element
• C) field
• D) value

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Definitions:

High-low Method

An accounting technique used to estimate variable and fixed costs from the highest and lowest levels of activity.

Variable Component

Part of a cost or expense that varies directly with the level of activity, production, or sales.

Inspection Cost

Expenses associated with the activity of checking and verifying the quality or standards of products or materials.

Mixed Cost

Mixed cost is an expense that has both fixed and variable components, meaning it changes with the level of activity but also incurs a base cost.