Which of the Following Must Be TRUE

question 40

Multiple Choice

Which of the following must be TRUE?

• A) If debt increased from one year to the next,there must have been a budget deficit.
• B) If debt decreased from one year to the next,there must have been a budget surplus.
• C) If debt increased from one year to the next,entitlement spending must have been increased.
• D) If debt increased from one year to the next,discretionary spending must have been increased.

Identify examples of variable, fixed, and mixed costs in production.

Recognize the importance of selecting the proper activity base for costing purposes.

Understand how changes in cost behavior affect the break-even point and profit levels.

Calculate and interpret the contribution margin and its relation to fixed costs and operating income.

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Definitions:

Turgor

Normal fullness and elasticity.

Objective

A specific and measurable goal or target that is planned to be achieved.

Signs

Objective indications of a condition or disease that can be observed or measured by a healthcare provider, as opposed to symptoms, which are subjective and reported by the patient.

Pediatric Unit

A specialized hospital department focused on the medical care of infants, children, and adolescents.