Variable Costs

question 81

Multiple Choice

Variable costs:

• A) change in direct relationship to the quantity of output produced.
• B) are constant in the short-run regardless of the quantity of output produced.
• C) are equal to the change in a variable when one more unit of output is produced.
• D) are subtracted from fixed costs to compute the contribution margin.
• E) form the basis that is used to determine the degree of operating leverage employed by a firm.

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Definitions:

Administrative Share

A share created by Microsoft for drive volumes and the folder that contains the majority of Windows files. An administrative share has a dollar sign at the end of its name.

Microsoft

A multinational technology company known for its software, services, devices, and solutions like Windows, Office, and Azure.

Drive Volumes

Logical divisions of storage on a physical disk drive, allowing for management and organization of data separately within the same physical device.

ACL

Access Control List, a list used by routers and other devices to restrict access to or from a network for security purposes.