Select the Term from the List Provided That Best Matches

question 76

Short Answer

Select the term from the list provided that best matches each of the following descriptions.
A) A condition in which a percentage change in revenue will produce a proportionately larger percentage change in net income
B) A cost that changes in total in direct proportion to changes in volume
C) A factor that causes (or drives) changes in costs
D) Costs composed of both fixed and variable components
E) The difference between a company's sales revenue and its variable costs
F) The way a cost changes relative to change in a measure of activity
G) A cost that remains constant in total when volume changes
H) A company's cost mix or relative proportion of variable and fixed costs to total costs
-Variable cost

• A) A condition in which a percentage change in revenue will produce a proportionately larger percentage change in net income
• B) A cost that changes in total in direct proportion to changes in volume
• C) A factor that causes (or drives) changes in costs
• D) Costs composed of both fixed and variable components
• E) The difference between a company's sales revenue and its variable costs
• F) The way a cost changes relative to change in a measure of activity
• G) A cost that remains constant in total when volume changes
• H) A company's cost mix or relative proportion of variable and fixed costs to total costs
• -Variable cost

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Definitions:

Work Automation

The use of technology to perform tasks without human intervention, often leading to increased efficiency but also potentially job displacement.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or practices.

Degradation

The process of something being destroyed or broken down, whether physically, morally, or environmentally.

Nomadic Tribes

Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.