When Variable Costs Are High Relative to Total Costs, Those

question 133

True/False

When variable costs are high relative to total costs, those companies or organizations are said to be margin sensitive.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of terms in the set.

Central Tendency

A statistical measure that identifies a single value as representative of a distribution of data, often summarized by the mean, median, or mode.

Measures Central Tendency

Statistics that describe the center of a data distribution, including mean, median, and mode.

Mean

The average value of a series of numbers, found by taking the sum of the numbers and dividing this sum by the quantity of numbers in the series.