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For a Relationship to Be Considered a Binary Relationship It

question 53

Multiple Choice

For a relationship to be considered a binary relationship it must satisfy which of the following conditions?


Definitions:

Variable Cost

Expenses that change in direct proportion to the amount of business or production activity.

Variable Cost Per Unit

The cost that varies with the level of output or activities, calculated on a per-unit basis.

Units Sold

The total quantity of products sold by a business during a specific period.

Period Costs

Costs that are not directly tied to the production process and are expensed in the period in which they occur, such as selling, general, and administrative expenses.

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