______ Are Agreements We Establish in Our Relationships About What

question 69

Multiple Choice

______ are agreements we establish in our relationships about what behavior is required, preferred, or not allowed.

• A) Words
• B) Rules
• C) Messages
• D) Models

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or business activity.

Fixed Cost

Costs that do not change with the level of production or business activity, such as rent, salaries, and insurance.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.