Which of the Following Statements Is More Likely to Be

question 1

Multiple Choice

Which of the following statements is more likely to be true?

• A) Not all business costs can be classified as variable costs or fixed costs; the terms vary with the unit produced or the service provided
• B) The higher the fixed costs, the easier it is to gain a high return on assets
• C) The higher the variable costs, the easier it is to achieve a high gross margin
• D) The higher the fixed costs, the easier it is to achieve a high gross margin

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Definitions:

Charitable Activity

Acts of giving or assistance to those in need, typically performed without expectation of payment or benefit to oneself.

Food Wastage

The act of squandering edible food items due to negligence, lack of awareness, or inefficiency throughout the supply chain from production to consumption.

Secret Sauce

An original or unique ingredient, technique, or factor that differentiates a product, service, or company from its competitors, often contributing to its success.

Social Change

The transformation of culture, behavior, social institutions, and social structures over time in a society.