Computers and the Internet Make the Process of __________ Easier

question 31

Multiple Choice

Computers and the Internet make the process of __________ easier.

• A)decision making
• B)gathering intelligence
• C)forecasting
• D)gathering information

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as utility costs that increase with higher production levels.

Fixed Costs

Costs that remain constant regardless of how much is produced or sold, including expenses like rent, salaries, and insurance.

Relevant Range

The span of activity or volume where the specific assumptions of cost behavior are considered valid.

Break-even Point

The level of production or sales at which total revenues equal total costs, resulting in neither profit nor loss.