Test for Relative Maximum and Minimum. ​

question 70

Multiple Choice

Test for relative maximum and minimum. ​

• A) A relative minimum at (0,0,8)
• B) A relative maximum at (0,0,3)
• C) A relative maximum at (1,0,8)
• D) A relative minimum at (0,0,3)
• E) A relative maximum at (3,0,0)

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Definitions:

Permanent Accounts

Permanent accounts are those ledger accounts whose balances are carried over from one accounting period to the next, including assets, liabilities, and equity accounts.

Current Liabilities

Obligations or debts that a company is expected to pay within a year, such as accounts payable, short-term loans, and accrued expenses.

Accounts Receivable

The sum customers owe a business for the supply of goods and services that payment has not yet been made for.

Unearned Revenues

Revenue a company earns for products or services that have not yet been provided or completed.