Variable Costs

question 34

Multiple Choice

Variable costs:

• A)are subtracted from fixed costs to compute the contribution margin.
• B)reflect the change in a variable when one more unit of output is produced.
• C)are constant in the short-run regardless of the quantity of output produced.
• D)change in direct relationship to the quantity of output produced.
• E)form the basis that is used to determine the degree of operating leverage employed by a firm.

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Definitions:

Crashing

A project management technique used to reduce the time for completing a project by increasing the amount of resources, often leading to increased costs.

CPM Network

Critical Path Method Network, a project management technique used to estimate the duration of a project and identify the most critical tasks that determine its completion time.

Code Of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Crashing

A project management technique used to reduce the time for task completion by increasing the allocation of resources, often leading to higher costs.