Miguel Is Asked to Describe Himself

question 20

Multiple Choice

Miguel is asked to describe himself. Which of Miguel's statements represents his personal identity?

• A)I am a Mexican American.
• B)I am Buddhist.
• C)I am intelligent and creative.
• D)I am Carla and Manuel's son.
• E)I am a college student.

---

Definitions:

Variable Manufacturing Costs

Costs that vary in total directly and proportionately with changes in the production volume, including direct materials, direct labor, and variable manufacturing overhead.

Selling Commission

A fee paid to a salesperson or agent for facilitating a sale, typically a percentage of the sale price.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed versus variable costs a company has.

Variable Expenses

Expenses that fluctuate with changes in production volume or business activity levels, including materials, labor, and utilities.