If You Operated a Small Bakery, Which of the Following

question 64

Multiple Choice

If you operated a small bakery, which of the following would be a variable cost in the short run?

• A) baking ovens
• B) interest on business loans
• C) annual lease payment for use of the building
• D) baking supplies (flour, salt, etc.)

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Definitions:

Factor Analytic

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Big Five

An approach that defines personality in humans by five primary factors: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Lexical Hypothesis

Traits important for survival and reproduction are embedded in our language, with the most important traits represented by the largest number of words.

Embedded

The state of being firmly and deeply ingrained or fixed within a surrounding whole.