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Match the Following Characteristics with the Form of Business Entity

question 125

Multiple Choice

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


Definitions:

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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