________ Are Costs That Do Not Vary with the Number

question 97

Multiple Choice

________ are costs that do not vary with the number of units produced.

• A)Variable costs
• B)Fixed costs
• C)Amortisation costs
• D)Retained earnings
• E)Liquidity expenses

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Definitions:

Futures Price

The agreed-upon price for a financial instrument or commodity to be delivered and paid for at a future date.

Orange Juice

A liquid extract of the orange tree fruit, consumed as a beverage or used in culinary dishes and as a commodity traded on futures markets.

Futures Contracts

Standardized legal agreements to buy or sell a financial instrument or physical commodity at a predetermined future date and price.

Profit (Loss)

The financial gain or loss resulting from revenue generated minus the expenses of operating the business.