Variable Costs Are Costs That Vary on a Per-Unit Basis

question 54

True/False

Variable costs are costs that vary on a per-unit basis as the level of manufacturing activity changes.

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Definitions:

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, particularly from an online community.

Crowdfunding

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors, often facilitated through online platforms.

Digital Divide

The gap between demographics and regions that have access to modern information and communications technology, and those that don't or have restricted access.

Crisis-Mapping Tools

Applications and software that use geographic data and crowdsourcing to monitor and visually represent crises in real-time.