The Variable-Cost Ratio Is

question 6

Multiple Choice

The variable-cost ratio is

• A) all variable costs divided by fixed costs.
• B) net income divided by all variable costs.
• C) fixed costs divided by all variable costs.
• D) all variable costs divided by sales.

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Definitions:

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices.

Business Functions

The fundamental activities that are necessary for the operation of a business, such as marketing, finance, and human resources.

Production Processes

The methods and sequences of operations used to produce a good or service.

High Quality

Refers to products, services, or processes that meet or exceed set standards of excellence and are superior in performance or craftsmanship.