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_____ Can Be Defined as Any Business That Takes Place

question 39

Multiple Choice

_____ can be defined as any business that takes place by digital processes over a computer network rather than in physical space.


Definitions:

Variable Costs

Costs that change in proportion to the level of activity or volume of goods produced in a business.

Unit Contribution Margin

The dollars available from each unit of sales to cover fixed costs and provide operating profits.

Fixed Costs

Expenses that do not change with the level of production or sales over the short term, such as rent and salaries.

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