Which of the Following Are Examples of Concrete Concepts

question 35

Multiple Choice

Which of the following are examples of concrete concepts?

• A) reading and writing
• B) pride and prejudice
• C) orange and blue
• D) books and tools

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Definitions:

Variable Costs

Expenses that vary in relation to the amount of products or services a company generates.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business over a certain period.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Sales

The revenue generated from goods or services sold by a company in the ordinary course of its business.