Figure 3-10

question 163

Multiple Choice

Figure 3-10.The following cost formula was developed using the monthly data for an accounting firm.Total cost = $87,100 + ($210 * number of tax returns)
-Refer to Figure 3-10. The term "total cost"

• A) is the independent variable.
• B) is the dependant variable.
• C) is the intercept.
• D) is the variable rate.

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Definitions:

Exchange Relationship

A type of social interaction rooted in mutual benefit, where parties provide something to one another expecting something in return.

Partner

A member of a business or firm who shares its risks and profits or an individual who takes part with another or others in a relationship or activity.

Exchange Relationship

A social interaction based on reciprocal actions where the benefits given and received are considered.

Equity Norm

A principle based on fairness, where rewards and resources are distributed based on the contributions of individuals.