The SUBSTITUTE Function Has an Optional Argument That Enables You

question 58

True/False

The SUBSTITUTE function has an optional argument that enables you to replace the third occurrence of a string.

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Definitions:

Unit Sold

The total number of individual items or products that have been sold by a business during a given period.

Variable Cost

Costs that change in direct proportion to changes in the levels of production or sales activities, such as materials and labor costs.

Relevant Range

The range of activity or volume over which the assumed cost behavior is valid, beyond which cost patterns and relationships may change.

Average Costs

The total costs divided by the number of units produced, giving a per unit cost average.