Singapore Alone Accounts for More Than One-Third of U

question 74

True/False

Singapore alone accounts for more than one-third of U.S.trading activities with ASEAN countries.

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Contribution Margin Ratio

The proportion of sales revenue that remains after variable production costs are deducted, indicating the profitability of specific products.

Monthly Sales

represent the total revenue or units sold within a month.