Given the Three Statements Below, Pick the Best Answer

question 36

Multiple Choice

Given the three statements below, pick the best answer.
I. The normal boiling point of a liquid is the temperature at which its vapor pressure is 1 atm.
II. Water always boils at 100 ° C.
III. The vapor pressure of a liquid increases with increasing temperature.

• A) I and II are true, III is false
• B) I and III are true, II is false
• C) II and III are true, I is false
• D) all three are true
• E) only III is true

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Definitions:

Direct Fixed Costs

Costs that are directly associated with a specific product, department, or segment of a business and do not vary with the level of production or sales.

Flexible Budget

A budget that adjusts or flexes with changes in volume or other activity levels, allowing more accurate comparisons to actual spending.

Budget Coordination

The process of ensuring all parts of an organization's budget align with its strategic and operational goals.

Large Company

A corporation that typically has a high level of capitalization, extensive operations, a large number of employees, and generates a significant amount of revenue.