DrBeach Used to Be a Typical 'Absent Minded Professor

question 8

Multiple Choice

Dr.Beach used to be a typical 'absent minded professor.' However,she found that she could remember the things her husband asked her to pick up at the grocery store by imagining the items she needed placed on her desk,bookshelf,and file cabinet.The mnemonic device that she used is

• A)an acronym.
• B)chunking.
• C)the keyword method.
• D)the loci method.

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Definitions:

Fixed Cost

A cost that does not change with the volume of sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Net Income

The amount of money left over after all expenses and taxes have been subtracted from total revenue.