Variable Costs Are Costs Whose Per Unit Costs Vary as the Activity

question 23

True/False

Variable costs are costs whose per unit costs vary as the activity level rises and falls.

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Definitions:

Homo Habilis

Extinct hominin; earliest named Homo species; known only from Africa, where it arose 2.3 million years ago.

Homo Erectus

An extinct species of early human that lived throughout Africa and Eurasia during the Pleistocene Epoch.

Vertebrate Lung

A respiratory organ found in vertebrates that exchanges oxygen and carbon dioxide with the environment.

Fishes

Aquatic, gill-bearing animals that lack limbs with digits, often featuring scales, fins, and diverse forms and life histories.