Examlex
Which one of the following is a variable cost for an insurance company?
Operations
Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
Maintenance Activities
Tasks undertaken to keep equipment or facilities in good working condition and to prevent breakdowns.
Shop-Floor Control
A system used to manage, control, and track the process and production flow on the manufacturing shop floor.
Normal Probability Distribution
The normal probability distribution, also known as the Gaussian distribution, is a symmetrical bell-shaped distribution where most observations cluster around the central peak.
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