The Term(s)used to Describe the Behavior and Relationship Among Elements

question 124

Multiple Choice

The term(s) used to describe the behavior and relationship among elements as changes occur in units sold,selling price,variable cost per unit,or fixed costs of product is:

• A)event.
• B)revenues.
• C)probability.
• D)contribution.
• E)cost volume profit analysis (CVP).

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Definitions:

Devise

A legal term for the bequest of real estate property through a will.

Real Property

Real property includes land and anything permanently attached to it, like buildings, in contrast with personal property, which is movable.

Personal Property

Assets that are movable and not fixed to one location, such as furniture, vehicles, and equipment, contrary to real estate.

Demonstrative Legacy

A specific bequest in a will, directing a particular sum of money to be paid out of a specified asset or fund.