Most Microloans Are Usually __________

question 60

Multiple Choice

Most microloans are usually __________.

• A) around $50,000
• B) over $15,000
• C) over $1,000
• D) under $100

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change.

Fixed

Refers to costs or expenses that do not change in proportion to the level of activity or production volume, such as rent or salaries.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to individual units of production, calculated before the production process begins.