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Under the _______ method,the underwriter buys the securities for less than the offering price and accepts the risk of not selling the issue,while under the _______ method,the underwriter does not purchase the shares but merely acts as an agent.
Variable Costs
Costs that change in proportion to the level of production or business activity, such as raw materials and direct labor costs.
Variable Cost
Spending that rises and falls according to how much is produced or sold, including costs for labor and materials.
Fixed Costs
Expenses that do not vary with the volume of production or sales, such as rent, salaries, and insurance.
Activity Changes
Fluctuations or variations in the operations of a business that can affect its financial performance and necessitate managerial adjustments.
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