To Be a Positive Economic Statement, an Assertion Must Be

question 218

True/False

To be a positive economic statement, an assertion must be factual.

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Transfer Price

The price at which services or goods are sold between divisions within the same company or between subsidiaries.

Variable Cost

Costs that are directly influenced by the quantity produced or the volume of sales transactions.

Transfer Price

The cost applied to goods or services exchanged between units or branches of the same organization.