Refer to the Figure

question 5

Multiple Choice

Refer to the figure.
"The birds in front of the V are expected to be low-ranking birds that are unable to displace physically superior rivals from the more energy-saving positions in the formation." This statement is a

• A) hypothesis.
• B) prediction.
• C) test.
• D) scientific conclusion.

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Definitions:

Direct Materials

Ingredients or substances that are directly linked to the manufacturing of a particular item.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behavior are valid for the purposes of cost estimation and budgeting.

Total Fixed Costs

The sum of all costs that do not change with the level of production or sales over a certain period.

Unit Fixed Costs

The fixed costs associated with producing a single unit of product, which remain constant regardless of the level of production or sales volume.