Jody Is Completing a Test in Which She Has to Name

question 198

Multiple Choice

Jody is completing a test in which she has to name as many state capitals as she can in one minute;Alex is trying to complete analogies between pairs of abstract diagrams.Jody is taking a test of _____ intelligence;Alex,a test of _____.

• A) fluid intelligence;crystallized intelligence
• B) fluid intelligence;fluid intelligence as well
• C) crystallized intelligence;crystallized intelligence as well
• D) crystallized intelligence;fluid intelligence

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Definitions:

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, a measure of how revenue growth translates into growth in operating income.

Variable Costing

A managerial accounting method that includes only variable production costs (materials, labor, and overhead) in product costs, treating fixed manufacturing overhead as an expense of the period.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.