A Continuously Varying Trait Is

question 36

Multiple Choice

A continuously varying trait is

• A)cystic fibrosis.
• B)seed color in pea plants.
• C)extra fingers and toes.
• D)weight in humans.

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Definitions:

Fixed

Pertaining to costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

Mixed

Pertaining to costs or variables that have both fixed and variable components, changing with the level of activity but not directly proportional to it.

Selling Price

The cost at which consumers can purchase a product or service.

Contribution Margin

The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much revenue is contributing to covering fixed expenses and generating profit.