Examlex
Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Has the ability to obtain large amounts of resources
Fixed Cost
Costs that remain constant in total despite changes in the levels of production or output within a certain range.
Variable Cost
Expenses that vary directly with the level of production or sales volume.
Least-Squares Regression
An analytical technique that identifies the most suitable line by minimizing the sum of the squares of the gaps between the observed and estimated values.
Variable Cost
A cost that changes in proportion to the level of activity or volume of goods produced.
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