A ____ Is the Symbolic Representation of an Element in an Equation

question 17

Multiple Choice

A ____ is the symbolic representation of an element in an equation without regard to an actual numeric value of the element.

• A) diagram
• B) variable
• C) subroutine
• D) macro

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Definitions:

EBIT

Earnings Before Interest and Taxes, a financial metric that calculates a firm’s profit excluding interest and income tax expenses.

Variable Cost

A cost that varies directly with the level of production or volume of output, as opposed to fixed costs, which remain constant regardless of activity level.

Direct Labor

The wages of employees who are directly involved in the production of goods or services.

Direct Materials

Raw materials that are used directly in the manufacturing of a product and can be directly attributed to the product.