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After an individual chimp learned a new food-gathering technique, the rest of its group acquired the new skill within a few days. In turn, the newly acquired skill spread to other chimpanzee groups who could see the new behavior. According to the textbook, this is evidence for:
Variable Costs
Expenses that vary proportionally with the level of production or sales volume, such as raw materials and direct labor.
Responsibility Accounting
An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers.
Day-to-Day Decisions
These are routine decisions made by individuals or businesses on a regular basis, dealing with operational aspects rather than long-term strategic planning.
Accounting Data
Information related to financial transactions and status that is compiled and maintained by a company's accounting system.
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