A(n) ____ Is a Characteristic or Property of an Entity

question 44

Multiple Choice

A(n) ____ is a characteristic or property of an entity.

• A) field
• B) attribute
• C) column
• D) All of the above

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Definitions:

Fixed Expenses

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

Absorption Costing

A technique in accounting where all expenses from manufacturing, covering direct materials, direct labor, and overhead expenses variable and fixed, are included in the cost of a product.

Direct Materials

Raw materials that can be directly traced to the production of finished goods.

Fixed Costs

Expenses that do not change in total despite fluctuations in production levels or sales volume.