A Variable Cost Is One That Varies in Proportion to a Business

question 93

True/False

A variable cost is one that varies in proportion to a business activity.

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Definitions:

Accounting Period

The span of time at the end of which a company's financial performance is measured and reported.

Investments

Assets purchased with the aim of generating income or appreciation, such as stocks, bonds, or real estate.

Withdraw

Withdraw refers to the act of taking out money from a bank account or the removal of assets or resources from use or participation.

Capital Account

An account on a nation's balance of payments that records transactions involving the purchase and sale of assets, such as property and stocks.